202213 Jan

Shield Announces $15 Million Series A Round to Address Surging Demand for its AI-Driven Communications Compliance Platform

Summary

TEL AVIV, Israel, Jan. 13, 2022 (GLOBE NEWSWIRE) -- (the Company), the world’s leading workplace intelligence platform for compliance teams, today, after impressively bootstrapping itself since its launch in 2018, announced it has closed a $15 million Series A funding round led by Macquarie Capital and OurCrowd with significant participation from Mindset Ventures. Shield enables regulated financial institutions to detect market abuse, gain behavioral analysis, mitigate toxic workplace culture and ultimately automate surveillance over all employee communication channels, saving both operational and compliance cost. Shield brings an immensely needed cloud native solution that is disrupting an outdated legacy vendor market through its cutting-edge platform that automatically captures, archives and provides surveillance over the communication channels that have become especially relied upon as remote and hybrid work environments become more permanent. Through rigorous data enrichment, powerful analytics, enhanced search tools and proactive surveillance, Shield offers a tailored platform that applies advanced Artificial Intelligence and Natural Language Processing capabilities throughout the entire communications lifecycle. “The ability to access and understand new and evolving communication channels is increasingly becoming a pain point for organizations, no matter the industry, and this funding round is well-timed as it will empower us to scale our technology and enhance our already robust platform that addresses compliance concerns that enterprises deal with daily,” said Shiran Weitzman, Co-Founder and CEO of Shield.

Source: Globenewswire

Funding

$15M
Amount
Jan 13 2022
Date
-
Investor
Shield.
Company

Classifications

Companies