19SEPTEMBER 2021At its core, Boast.AI is investing heavily in developing its technology to help further the innovation speed of its clients by speeding up tax claim reporting and access to tax credit funding, as well as creating more significant insights from data connected to its platformto extract R&D data and automate the manual and redundant data collection and analysis process. "Using this approach, clients can save 5x the hours they're spending on R&D, and that can be refocused into product development instead," adds Popa. Being a fintech platform, Boast.AI is democratizing access to billions of dollars in R&D tax credits and innovation funding so companies can fuel their growth while preserving equity and avoiding red tape.With its operations across the U.S. and Canada, more than 1,000 innovative companies have leveraged Boast.AI to get more money faster for less time and risk. For example, Rival Technologies, a fast-growth technology company, has disrupted the massive market research industry using innovation and SR&ED tax credits recouped in partnership with Boast.AI. With the help of Boast.AI, they have been able to increase R&D refunds in less time and reduced audit risk. The company has been growing rapidly, with employee count increasing from 30 to over 100 in just the first half of 2021. They have also announced a series A funding round led by Radian Capital of USD $23M in December 2020 and a credit facility for tax credit funding of USD $100M in January 2021.At its core, Boast.AI is investing heavily in developing its technology to help further the innovation speed of its clients by speeding up tax claim reporting and access to tax credit funding, as well as creating more significant insights from data connected to its platform. The company aims to help CEOs and financial and engineering leaders see where to invest for better R&D ROI. "Ultimately, inhouse accountants can use Boast.AI to speed up and improve their own tax credit filing process, accounting firms can work with Boast.AI as a partner to help bring greater tax credit services to their clients, CEOs can use Boast.AI to get more innovation dollars more quickly, and technology leaders use Boast.AI to dramatically lower the time spent each year on the tax credit filing process and to better see where to invest R&D efforts," concludes Popa.
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