Velotix, a pioneering provider of an AI-driven data security platform, has announced a significant investment from Barclays Bank and Capri Ventures.
This investment solidifies Velotix’s position as a premier choice for financial institutions seeking advanced data security solutions.
The exact amount raised has not been disclosed. The key investors in this round are Barclays Bank and Capri Ventures, both bringing substantial expertise and support to the company.
Velotix’s platform leverages AI to secure both structured and unstructured data, setting new standards for innovation, privacy compliance, and data integrity. The company’s technology is designed to revolutionise automated policy management and enhance secure data access at scale.
With the new funding, Velotix plans to further innovate its AI-driven solutions, specifically focusing on automating policy enforcement and providing context-based access to data. This investment aims to push the boundaries of data security, aligning with the evolving needs of modern financial institutions.
Velotix co-founder and CEO Dr. Adi Hod said, “This investment marks a pivotal moment for Velotix, validating our commitment to delivering a cutting-edge data security solution powered by AI. This investment from Barclays, a global leader in finance, reinforces our continued leadership and innovative approach in the industry.”
Kester Keating, head of US principal investments at Barclays, commented, “As an alumni of the bank’s Rise Growth Academy, Barclays is pleased to support Velotix in its mission to revolutionize data security. We believe that together, we can create significant value and drive innovation in the financial services sector.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
