Monday, June 17, 2024

Velotix Secures Strategic Investment from Barclays Bank and Capri Ventures, Cementing Position as Premier Data Security Platform

Velotix, a pioneering provider of a revolutionary AI-driven Data Security Platform (DSP), proudly announces a significant investment from Barclays Bank and Capri Ventures. This investment solidifies Velotix’s position as the premier choice for leading financial institutions seeking advanced data security solutions. It underscores Velotix’s innovative approach to securing structured and unstructured data access and highlights a growing recognition as a transformative force within the data security landscape.

With this investment Velotix plans to further revolutionize automated policy management and enhance secure data access at scale, setting new standards for innovation, privacy compliance, and data integrity.

Dr. Adi Hod, Co-Founder, and CEO of Velotix commented on the collaboration, stating, “This investment marks a pivotal moment for Velotix, validating our commitment to delivering a cutting-edge data security solution powered by AI. This investment from Barclays, a global leader in finance, reinforces our continued leadership and innovative approach in the industry”.

Kester Keating, Head of US Principal Investments at Barclays, shared his perspective on the investment, stating, “As an alumni of the bank’s Rise Growth Academy, Barclays is pleased to support Velotix in its mission to revolutionize data security. We believe that together, we can create significant value and drive innovation in the financial services sector.”

Alex Pinchev, Capri Ventures Founder shared, “Velotix’s commitment to revolutionizing data security through advanced AI-driven solutions is truly impressive. We believe that their innovative approach not only addresses current data security challenges but also sets new standards for the industry. Capri Ventures is excited to be part of Velotix’s journey and contribute to their continued success in reshaping the data security landscape.”

Velotix cements its premier status in data security, rapidly expanding as a leading company with its AI-driven platform. The company remains dedicated to pushing the boundaries of data security, specifically automating policy enforcement, and providing context-based access to data through advanced AI algorithms. The investment further solidifies its position as the leading choice for forward-thinking financial institutions worldwide.

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