Getvisibility secures €10m series-a funding
Getvisibility (GV), a global leader in the delivery of data visibility, protection and control, has secured €10 million equity through a funding round co-led by Alpha Intelligence Capital (AIC) and Fortino Capital.
March 10th 2022 - Based in Ireland, Getvisibility enables businesses to have a single, unified view of all their structured and unstructured data. Moreover, their AI-based solution dramatically changes the way that companies handle their data security, by enabling them to detect and understand all of their rapidly growing data. This promotes best practice and governance, and allows organisations to benefit from the full range of data under their control.
Getvisibility already works with Fortune 500 companies, amongst which one of the 5 largest business in the world and several governments across the US, Europe and the Middle East in multiple industries. The company has already reported significant growth in regulated sectors such as healthcare, financial services and manufacturing, where there is an increasing need to classify data, protect it and understand risk.
The funds of the Series A will be used to strengthen the commercial team to serve the increased demand. Moreover, Getvisibility will also grow its engineering team to continue improving its machine learning approach to data security as well as accelerate the roll out of its “Zero Trust” suite. The Series A round will accelerate growth and service delivery to customers in Europe and MENA regions, while extending its reach in the company’s largest market, North America.
Mark Brosnan, CEO and co-founder of Getvisibility said, “We are delighted to welcome AIC and Fortino as new investors to Getvisibility. This Series A funding is important for our effort to extend our technology leadership in Zero Trust Architecture. Market response to our Synergy Pro and Focus product lines has been exceptional, and this funding enables us to build on the leadership position we have already established.”
As part of this announcement, Getvisibility has welcomed Terry Chou to the company’s Board of Directors.
“We have watched with great excitement as Getvisibility has set the standard for data classification with its context-aware AI-enabled approach. Getvisibility's advanced Natural Language Processing capability sets them apart from other data security providers.” Terry Chou, Partner at Alpha Intelligence Capital, commented “We look forward to supporting GetVisibility on its high-growth journey as it evolves into a one-stop-shop for data security management”.
Ronan Murphy, co-founder of Getvisibility said, “2022 is shaping up to be a massive year for the Getvisibility platform. We’re accelerating that pace of innovation, R&D, sales and marketing. As enterprises urgently need to get to grips with data security, the machine learning capabilities of Getvisibility provide real tangible return on investment, better compliance capabilities and overall superior data security.”
Getvisibility uses state-of-the-art AI to classify and secure unstructured data. The software uses a dual approach - firstly scanning existing, or legacy data which sits on file servers, file shares and end-points in the organisation's own environment. This allows the software to discover, classify and protect these documents.
Secondly, end users can manually classify documents on creation with the help of the AI agent. This classification can later be checked and amended by Getvisibility’s machine learning engine. As market leaders in the cyber security industry, the Getvisibility solution also provides organisations with risk assessments in line with compliance, permission management, data quality and user activity. Visit www.getvisibility.com for more information.
About Alpha Intelligence Capital
Alpha Intelligence Capital (AIC) is a global venture capital fund investing in deep Artificial Intelligence/Machine Learning (AI/ML) technology-based companies. AIC’s core focus lies in companies in the Series-A to Series-D stages, developing breakthrough products and solving real business problems. The teams at AIC operate out of San Francisco, Paris, Luxembourg, Singapore and Hong Kong. For more information, visit https://aicapital.ai/
About Fortino Capital
Fortino Capital Partners is a European investment company with a focus on high-growth B2B software solutions. With offices in Belgium and the Netherlands, Fortino backs exceptional and ambitious entrepreneurs in North-Western Europe. Next to Venture Capital, Fortino also invests in more established software companies (Growth Capital). Fortino's Venture Capital portfolio includes, amongst others, Zaion (FR), Timeseer.ai (BE), Salonkee (LUX), SimplyDelivery (DE), iObeya (FR), D2X (NL), Peers (DE), Reveall (NL), Merkely (NO). For more information, visit https://www.fortinocapital.com.