Getvisibility, an AI-powered platform to classify and secure unstructured data, has raised €10m in its Series A funding round.
The capital injection will help it bolster its commercial team to meet the rising demand. It will also be used to hire more engineers to help improve the machine learning technology and bolster the roll out of its zero-trust suite.
Finally, the capital will be used to aid its expansion across Europe, MENA and North America.
The round was backed by Alpha Intelligence Capital and Fortino Capital.
Getvisibility gives businesses a single, unified view of all their structured and unstructured data. The AI-powered solution can improve how they handle data security, helping them better detect and understand their data, it claims.
Its features include data loss prevention, data discovery and classification, data visibility, data governance, data monitoring, insider threat and more.
Its technology is used by Fortune 500 companies, amongst which is one of the fice largest business in the world.
Getvisibility co-founder Ronan Murphy said, “2022 is shaping up to be a massive year for the Getvisibility platform. We’re accelerating that pace of innovation, R&D, sales and marketing. As enterprises urgently need to get to grips with data security, the machine learning capabilities of Getvisibility provide real tangible return on investment, better compliance capabilities and overall superior data security.”
As part of the deal, Alpha Intelligence Capital partner Terry Chou has joined Getvisibility’s board of directors.
Copyright © 2018 RegTech Analyst
