To realize that the background check industry needs an overhaul look no further than the backlog of 700,000 background checks faced by the federal agency that handles all background checks for sensitive government positions. This backlog has essentially rendered background checks useless, as many agencies are able to give security clearances on a temporary basis before a background check is even started.
Intelligo is an Israeli company trying to make background checks relevant again by using AI and machine learning to not only speed up and automate the process, but also run more thorough checks.
Launching out of beta today, the company has raised $6.8M to date – a seed round of $1.1M and a Series A of $5.7M. They boast investors like Eileen Murray (Co-CEO of Bridgewater Associates) and advisors like the former director of the NSA Michael McConnell and former Managing Director of the Israel Ministry of Defense Pinhas Buchris.