Shield, a Tel Aviv, Israel-based provider of a workplace intelligence platform, raised $20M in Series B financing.
The round was led by Macquarie Capital and joined by UBS through its venture and innovation unit UBS Next, Mindset Ventures and OurCrowd.
The company intends to use the funds to further grow in existing markets and expand into new ones, including the US. The firm is also opening its second R&D facility in Lisbon, Portugal, and to propel its leadership in innovation, as it continues the development of its financial compliance platform.
Led by CEO Shiran Weitzman, Shield provides a workplace intelligence platform that allows organizations of any size to mitigate risks, escape the legacy archive, improve operational efficiency, and reduce compliance costs. The company intends to redefine the way enterprises and financial institutions manage and mitigate communications compliance risks by applying advanced AI, NLP, and visualization capabilities. Shield is specifically built for today’s digital work environment, where organizations face multiple risks, including financial crime, privacy and misconduct.
FinSMEs
01/12/2022