202314 Dec

Redactable raises $5.5 million in seed funding for AI redaction platform to protect sensitive documents

Summary

"With so much confidential information being shared electronically, the risk of data vulnerability for both individuals and organizations is increasing exponentially," explains Amanda Levay, Redactable founder and CEO. The patented software leverages Natural Language Processing and Machine Learning to auto-detect Personally Identifiable Information (PII) in a document and redacts it fast and permanently. "In an era of escalating data breaches and privacy concerns, there is a growing need for innovative solutions like Redactable," said Kyle Duffy, Operating Partner at Gradient Ventures. "Redactables practical approach to improving document security through AI is well-positioned to meet modern demands of both individuals and businesses." "Were not just investing in innovative tech solutions; were backing bold and exciting entrepreneurs like Redactables CEO Amanda Levay," said Gayle Jennings-OByrne, Co-Founder and General Partner at Wocstar Fund.

Source: Prweb

Funding

$5.5M
Amount
Dec 14 2023
Date
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Investor
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Company

Classifications

Companies