Shield, an Israeli workplace intelligence platform, has snared $20m in a Series B round led by Macquarie Capital.
Also taking part in the round were investors UBS via UBS Next, OurCrowd and Mindset Ventures.
Established in 2018, Shield is a workplace intelligence platform focusing on communication compliance which automates the complete communications life cycle.
By utilising AI, natural language processing, and visualization capabilities, Shield helps financial organisations mitigate risk and drive an efficient and ROI-positive surveillance process.
Shield claims it will use the fresh capital to fuel the further development of its platform and boost its growth in existing markets.
The firm also has plans to expand into new countries, including the US, and will soon open its second R&D facility in Lisbon, Portugal.
The company previously raised $15m in a Series A funding round in January this year.
Shield CEO and co-founder Shiran Weitzman said that the round was further proof of the market need for a modern solution that can strengthen surveillance across communication channels, and that Shield was well postioned to meet that need.
Copyright © 2022 FinTech Global
