Theta Lake was founded in 2017 by two technologists with decades of leadership at Global 100 companies: Devin Redmond, chief executive officer, and Rich Sutton, chief technology officer. The Santa Barbara, Calif.-based firm is a 2019 Gartner Cool Vendor and UC Today’s 2020 Best Compliance Product and Best Security Product award recipient.
Seeing a need for advanced security and compliance systems, the company developed the Theta Lake Compliance Suite, technologies designed to monitor workflows and detect risk in video, voice and unified collaboration systems. These patented AI solutions monitor and flag potentially noncompliant communications across multiple channels and integrated systems, Theta Lake representatives stated. With rising use of video marketing and conferencing, Theta Lake’s product suite can help to automatically detect and isolate risks in audible, visual, text and video workflows and archives. The company noted that these complementary assets make it easier for compliance teams to manage MiFID II, FCA, GDPR, FINRA, FFIEC and similar regulatory requirements.