Barclays And Capri Ventures Bank Invest In Software Firm Velotix
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Velotix has revealed that Barclays Bank and Capri Ventures contributed majorly to its funding round. 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 Simplify Access To Bulky Data
Velotix revealed that the money will also be used to improve automated policy management and ensure that big data can be accessed 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, talked about the alliance with Barclays. He said the latest 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 graduate of the Barclays 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 Offer Velotix Funds To Support Its Data Security Advancement Plan
From Capri Ventures, Alex Pinchev, its founder, spoke about the latest announcement. He noted that Velotix has shown its commitment to developing artificial intelligence-powered solutions to data security.
Alex said the company trusts that the Velotix plan will solve the issues in data security and also 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.
They also want to let people access data according to what’s happening around them using highly intelligent computer programs. The funds they get will make them even stronger in the banking world.
The company ensures that organizations can handle data well. It also makes it easy for people to access data themselves. The company makes rules and ensures they’re followed with pace. These rules are based on the time and situation, so they’re perfect for the moment.
