Systems and methods for generating custom industry classifications

Abstract

A method for generating custom industry classifications may include a classification computer program receiving standard industry classifications, standard industry descriptions, custom industry classifications, custom industry descriptions, and a mapping of the custom industry classifications to the standard industry classifications; generating a dataset comprising standard industry descriptions as inputs and custom industry classifications as outputs; converting the standard industry descriptions and unmapped portions of the custom industry descriptions to vector representations; performing similarity matching on the vector representations of the standard industry descriptions and the vector representations of the unmapped portions; assigning each of the unmapped portions of the custom industry descriptions to one of the standard industry descriptions based on the similarity matching; training a supervised classifier using the dataset and a plurality of startup company descriptions for a plurality of startup companies as inputs; and outputting a custom classification for each of the plurality of startup companies.