Datricks’ $15 million Series A investment round was led by Team8. SAP and Jerusalem Venture Partners participated in the investment round.
Datricks, which operates in the field of financial risk management and compliance, received an investment of 15 million dollars. The company’s $15 million Series A investment round was led by Team8. Datricks’ investment round included SAP and Jerusalem Venture Partners.
Datricks will use the $15 million to expand its operations, improve its platform, innovate technology and increase market share.
The company was founded in 2019 by Roy Rozenblum and Haim Halpern. Datricks is a software company that offers artificial intelligence-powered financial risk management and compliance solutions. The company’s main product, The Datricks Financial Integrity Platform, automatically analyzes businesses’ financial processes and data to detect potential fraud, compliance problems and human errors. This platform monitors companies’ financial data in real time, revealing financial anomalies and risky behavior patterns.
Meanwhile, compliance with national and global regulations is becoming increasingly complex for large enterprises. Datricks addresses these challenges, enabling companies to stay compliant with regulatory requirements at all times.
The platform analyzes financial workflows on widely used business systems such as SAP, Oracle and Salesforce. In this way, it automatically scans large volumes of data in business systems and detects potential financial threats.
Datricks can be integrated into the business processes of large companies such as SAP and makes the financial processes of businesses more secure. These solutions are particularly valuable for large-scale companies, helping to prevent potential losses of billions of dollars.
