Redactable, a NYC-based provider of an AI-driven web application to protect sensitive documents, raised $5.5M in Seed funding.
The round was led by Gradient Ventures, with participation from Wocstar Fund, existing pre-seed investors, and angel investors.
The company intends to use the funds to advance its market reach, visibility, and operations.
Led by Founder and CEO Amanda Levay, Redactable is a web-based platform built to redact confidential documents from any browser. The proprietary software leverages Natural Language Processing and Machine Learning technology (NLP/ML) technology to auto-detect sensitive information in documents and deliver secure redaction, document scrubbing, and AI-driven workflows.
The additional capital comes more than a year after the company’s initial $1.3M in pre-seed funding, supported by investors including Everywhere Ventures, Hustle Fund, Revelry, and Stony Lonesome Group, which helped launch the platform in July 2022.
FinSMEs
15/12/2023