Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

Shield Raises $20 Million for Workplace Intelligence

Artificial Intelligence

Shield team: Company photo by Eric Sultan

Israeli startup Shield, which uses an artificial intelligence AI based platform for aiding compliance teams, raised $20 million in a series B round of funding led by Macquarie Capital and joined by UBS. The new round of funding comes following a $15 million Series A round of funding that Shield held earlier this year.

Investopedia explains that a compliance department typically has five areas of responsibility—identification, prevention, monitoring and detection, resolution, and advisory. A compliance department identifies risks that an organization faces and advises on how to avoid or address them. It implements controls to protect the organization from those risks. Compliance monitors and reports on the effectiveness of controls in the management of the organizations risk exposure. The department also resolves compliance issues as they arise and advised the business on rules and controls.

Founded in 2018, Shield is a Workplace Intelligence platform focusing on communication compliance which automates the complete communications life cycle. By utilizing AI, Natural Language Processing, and Visualization capabilities, boasts Shield, the company can help financial organizations mitigate risk and drive an efficient and ROI-positive surveillance process. The company says that it is addressing some of the most “burning challenges” in the financial compliance domain, such as trade & eComms surveillance, market abuse, trade reconstruction, record-keeping, 360 investigations, and more.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

“We’re thrilled to be able to begin work with UBS on multiple levels – as a client and now as an investor in our latest funding round,” said Shiran Weitzman, CEO, and Co-founder of Shield. “This further proves that there is an immediate market need for a modern, proactive solution that supercharges surveillance across communication channels and that Shield is well-positioned to meet that need.”

Shield 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.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News