Regtech startup Shield closed a $15 million Series A funding round on January 13. The round was led by Macquarie Capital and OurCrowd with participation from Mindset Ventures. The Tel Aviv-based company plans to beef up its U.S. presence with an office in New York City, while continuing to expand throughout Europe, the Middle East, Africa and Asia Pacific, Shield said in a news release.
Regulated financial institutions use Shield’s employee communication platform to detect market abuse, gain behavioral analysis, mitigate toxic workplace culture and automate monitoring over an array employee communication channels. Shield’s platform applies AI, natural language processing and other advanced technology throughout the entire communications lifecycle.
“The ability to access and understand new and evolving communication channels is increasingly becoming a pain point for organizations, no matter the industry, and this funding round is well-timed as it will empower us to scale our technology and enhance our already robust platform that addresses compliance concerns that enterprises deal with daily,” Shield Co-Founder and CEO Shiran Weitzman said in a news release. “As a bootstrapped company, we’ve already proven that our AI platform is unquestionably valuable to banks and financial institutions….
