Cognigo, a startup that aims to use AI and machine learning to help enterprises protect their data and stay in compliance with regulations like GDPR, today announced that it has raised an $8.5 million Series A round. The round was led by Israel-based crowdfunding platform OurCrowd, with participation from privacy company Prosegur and State of Mind Ventures.
The company promises that it can help businesses protect their critical data assets and prevent personally identifiable information from leaking outside of the company’s network. And it says it can do so without the kind of hands-on management that’s often required in setting these kinds of systems up and managing them over time. Indeed, Cognigo says that it can help businesses achieve GDPR compliance in days instead of months.
The company tells me that it plans to use the new funding to expand its R&D, marketing and sales teams, all with the goal of expanding its market presence and enhancing awareness of its product. “Our vision is to ensure our customers can use their data to make smart businesses decisions while making sure that the data is continuously protected and in compliance,” the company tells me.
Source: Tech Crunch Startups | Cognigo raises .5M for its AI-driven data protection platform
No Comments