Velotix Raises $10M in Seed Funding
Summary
The company intends to use the funds to continue product development, scale the organization and expand its offering globally. Founded in 2020 by CEO Dr. Adi Hod, Adam Ben-Gur, and Uriel Ekstein, Velotix provides an AI-driven data protection and access permissions platform that removes risk, automates policy management at scale, and provides access to data. Powered by an AI-driven policy engine, the solution continuously creates and updates and maintains organizational data protection policies based on exceptions, regulations, and user behavior. The platform governs, logs, and controls compliant access to data throughout the data access lifecycle. The company is coming out of stealth after building the symbolic AI platform, gaining global enterprises with a focus on the financial, insurance and healthcare markets as initial customers, and partnering with global cloud providers including Google, Amazon and Microsoft Azure and leading BI tools.