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HomeFunding Datricks Raises $15 Mn Series A Funding to Revolutionize Risk Management

[Funding News] Datricks Raises $15 Mn Series A Funding to Revolutionize Risk Management

With the use of artificial intelligence (AI), Datricks' platform evaluates risks automatically by seeing hidden patterns, anticipating problems before they happen, and offering useful insights.

With the use of artificial intelligence (AI), Datricks’ platform evaluates risks automatically by seeing hidden patterns, anticipating problems before they happen, and offering useful insights.

Organizations can use technology to enforce financial integrity regulations and take proactive steps to avoid fraud in real time. Numerous international clients from a range of industries, including Fortune 500 firms, CyberArk, Element Solutions, and Forvia Hella, are already using Datricks’ solution. As part of their business relationship, the two companies have integrated Datricks’ risk mining technology into SAP’s product range.

Read also – [Funding news] Genesis Alternative Ventures Raises US$125 Million for Second Venture Debt Fund

CEO Haim Halpern and CTO Roy Rosenblum launched the company in 2019; they had collaborated for more than 20 years, having co-founded and managed Xact Soft until it was acquired by One. With offices in Germany, the United States, and Israel, Datricks presently employs 20 people, and this year it intends to grow its personnel.

CEO Haim Halpern said, “Our technology is intended to guarantee accuracy in control and oversight procedures for auditors and financial experts. With the use of artificial intelligence (AI), we can precisely and reliably identify the source of hazards, evaluate organizational data in-depth, and provide real-time alerts to improve current controls without requiring constant work.”

About Datricks

Datricks is an autonomous solution that enables finance leaders to eliminate these vulnerabilities, transforming businesses from a state of exposure into a beacon of Financial Integrity. Its Financial Integrity Platform achieves this through Autonomous Process Discovery.

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