Prague-based Look AI Ventures backs German firm Secjur
Summary
Prague-based Look AI Ventures, the investment fund focusing exclusively on early-stage AI startups, announced on Thursday that it has invested in Hamburg-based Secjur.Founded by Niklas Hanitsch in 2018, Secjur is a Governance, Risk, and Compliance (GRC) solution.It focuses on data privacy, information security, whistleblowing, anti-money laundering, and supply chain management.By combining AI automation with expert insight, the German company makes compliance easier and more affordable for mid-sized businesses.The companys core product, the Digital Compliance Office, integrates technology with intuitive user interfaces, making compliance management for businesses straightforward.The funding will help the German company accelerate the development of its comprehensive compliance platform.With a new partnership with Look AI Ventures, Secjur aims to improve its AI features, particularly for risk modeling in information security.The Czech venture capital fund is joining other investors, including the Berlin-based Visionaries Club and several business angels like Mario G\xf6tze and Nico Rosberg.The company has already established partnerships with several notable clients, including Samsung, Mercedes Benz, Yunex Traffic, Tomorrow Banking, 1KOMMA5\xb0, and others.We see Look AI Ventures as a key strategic partner in our journey to becoming a category-defining company in the world of compliance automation. We founded Secjur before the first successful large language models were released, but even then, we recognised the potential of AI-powered compliance automation and designed our database architectures accordingly. Thats why were grateful to have a strategic partner to help turn this vision of AI-enabled Compliance Management into reality over the next years, says Niklas Hanitsch, CEO and founder at Secjur.Look AI Ventures (LAIV) is the first investment fund in the Czech Republic focusing exclusively on early-stage AI startups.Investing in Secjur is a strategic move to address the increasing complexity of regulatory compliance. This engine, built on extensive data and expert feedback, is a valuable asset on its own, bringing scalability to a traditionally consultancy-driven business. Secjur has emerged as a very competitive player in the DACH region, standing out among both automated and traditional compliance providers, says Angelo Burgarello, Partner at Look AI Ventures.