Slice Team (credit Slice)
Slice, an Israeli startup that offers the only global equity platform utilizing AI for continuous compliance, emerged from stealth with a $7 million seed funding round led by TLV Partners. Slice helps companies manage equity to their international employees.
These days everything is global. Companies have offices and employees all over the world. This is especially true for Startup Nation Israel. And this means having to navigate the local laws, regulations and tax codes of different countries. This is where Slice comes in to the picture.
Slice was co-founded in 2020 by Maor Levran (CEO), a lawyer repeatedly ranked as Top Tech Attorney by The Legal 500, Aviram Berg, (CTO), a highly skilled data scientist, engineer and entrepreneur formally of Dataloop, and the Weizmann Institute of Science), and Yoel Amir (CPO), an AI Product Management executive formerly at Salesforce, Google and two acquired startups. The company calls itself the first retirement funds manager to offer savings plans dedicated to Alternative Investments worldwide.
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Slice’s mission is to help CFOs and companies issue and manage equity to their international employees while navigating the complexity of ever-changing regulations and tax codes across multiple jurisdictions simultaneously and at scale. The AI-powered platform automatically ensures that all global equity operations are compliant and tax-optimized to maximize and protect the benefits of equity plans, both for employers and employees.
Slice is the first to apply LLMs to the world of equity compliance, enabling its pre-trained platform to quickly learn and apply country-specific tax codes and regulations that impact equity awards. Actively monitoring, analyzing and implementing the latest changes across multiple countries concurrently, the end-to-end platform uniquely covers all types of employee stock options, addressing compliance and tax-code challenges to avoid the potential risk of financial penalties facing both employers and employees.
“Having spent 13 years as a corporate lawyer, I saw companies struggle to grant and manage equity to their international employees. I recognized the almost impossible task they faced of understanding and applying the complex and constantly changing law and tax regulations in various countries, and know of individual fines reaching well over $200K due to mistakes being made,” says Slice co-founder and CEO Maor Levran. “We’ve built a co-pilot for CFOs for equity management that is capable of handling months of complex work they’d normally request from local lawyers and tax advisors in a matter of minutes. This equates to a substantial saving on time and costs, and also helps avoid distress employees may experience over potential penalties. Slice is the first equity compliance platform that empowers companies and their employees to optimize the value of global equity without fear of compliance or tax issues, a problem that nearly all companies will encounter when issuing stock options.”
