Compliance tech firm Shield raises $15m

Israel-based compliance technology firm Shield has raised $15 million in a Series A funding round.

Shield, which is used by compliance teams at financial services firms, said it will use the funding to expand its US presence with a New York City office, and to establish itself in markets such as Europe, the Middle East, Africa, and Asia Pacific.

In addition, Shield said the funding will also be used for the development of its compliance platform.

The funding round was led by Macquarie Capital and OurCrowd.

“The ability to access and understand new and evolving communication channels is increasingly becoming a pain point for organisations, 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 chief executive of Shield. “As a bootstrapped company, we’ve already proven that our AI platform is unquestionably valuable to banks and financial institutions.”

He added: “Now, with the help of our highly regarded investors, we’re ready to further build out our technology, expand our global sales and customer success teams, and enhance our already impressive ability to discover and manage compliance and risk concerns across electronic communications.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.