Barclays And Capri Ventures Fund Software Firm Velotix
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Barclays Bank and Capri Ventures have both provided funds for Velotix. The software company uses artificial intelligence technology to safeguard vital digitally transmitted or stored information.
With the latest investment, Velotix aims to enhance its systems and offerings. This initiative will position the company as the top choice for major financial institutions that need data security solutions. The funding also reveals Velotix’s plan to develop a way for institutions to securely access organized and unorganized data.
Velotix Aims To Enhance Automated Policy Management
Velotix revealed that it will use the new funds to improve automated policy management and ensure that industries can access big data safely. This will help create new ideas and set new privacy rules and data reliability standards.
The Co-founder and Chief Executive Officer of Velotix, Dr. Adi Hod, spoke about the latest alliance. He said the investment is significant for Velotix, showing their promise to offer an outstanding data security solution using artificial intelligence technology. Barclays, a big finance company, is backing Velotix’s strong position and ideas in the business.
Barclays’ Head of US Principal Investments, Kester Keating, said Velotix is a former participant of Rise Growth Academy; thus, Barclay is excited that Velotix plans to enhance data security offerings.
The company is pleased to fund Velotix for this initiative. Kester believes the partnership will allow both companies to grow value in the financial industry and enhance innovation.
Capri Ventures Believes Velotix’s Plan Could Solve Data Issues
Alex Pinchev, Capri Ventures’ Founder, spoke about the latest funding. He noted that Velotix has shown its commitment to developing artificial intelligence-powered solutions to data security.
Alex said the company believes that Velotix’s plan will solve data security issues and foster growth for the sector. Like Barclay, the Capri Ventures team is excited to contribute to Velotix’s journey in enhancing and creating new innovative paths for the data security sector.
Velotix keeps on trying hard to protect digital data. It wants to make sure rules on data security are followed. It also aims to enable users to access data according to what’s happening around them using brilliant computer programs. The funds they get will make them even stronger in the financial industry.
The company ensures that organizations can handle data well. It also makes it easy for people to access data themselves. Velotix makes rules and ensures they’re followed at a pace. These rules are based on time and situation, so they’re perfect for the moment.
