Velotix provides an AI-driven data security platform that mitigates risk and streamlines policy management at scale. The platform facilitates self-service data access while automating policy creation and enforcement with prompt time- and context-based access control. It is designed to ensure the right data is accessed by the right stakeholders precisely when needed, aligning with business imperatives at enterprise scale. The company said it will use the new funding to expand operations and broaden its business reach. The size and instrument of the investment were not disclosed in the report. Velotix was founded in 2020 by Dr. Adi Hod and Uriel Ekstein and is based in New York City. Velotix provides an AI-driven data protection and access permissions platform that automates policy management and controls data access. Its AI-driven policy engine continuously creates, updates, and maintains organizational data protection policies based on exceptions, regulations, and user behavior. The platform governs, logs, and controls compliant access throughout the data access lifecycle. Velotix emerged from stealth after building a symbolic AI platform and has gained global enterprise customers, initially focusing on financial, insurance, and healthcare markets. It has partnerships with global cloud providers including Google, Amazon, and Microsoft Azure, and with leading BI tools. The company raised $10M in Seed funding and plans to use the proceeds to continue product development, scale the organization, and expand its offering globally.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

Oct 2022