Bedrock

Bedrock is a data enrichment service that monitors the text of SEC filings and looks for red flags.

There's a lot of data in 10-Qs, 8-Ks, proxy statements, etc. — but much of it is inaccessible to data analysts because it's not programmatically accessible. You can easily extract three-statement financials, but it's harder to access important information that's buried in the text (related party transactions, executive turnover, "temporary" impairments, etc.)

Bedrock's NLP algorithms scan SEC statements, looking for the same red flags that a forensic accountant or experienced auditor would look for. It then gives its risk scores and annotations to investors and regulators, who can now cover more companies more deeply.

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The Challenge