Cognigo, provider of an AI-driven enterprise platform for data protection and compliance, has announced the completion of a $8.5 million Series A round.
Cognigo’s AI-driven solution provides a human-free data discovery, classification and protection platform, which supports structured and unstructured data—both for on-premise and cloud data silos.
The funding round was led by OurCrowd, with Prosegur, and State of Mind Ventures. The new funding will be used to support Cognigo’s global sales and marketing expansion and product development, as well as further fuel investment in its Cognitive Computing technology, which helps organizations achieve data protection and compliance with regulations such as GDPR, PIPEDA, the California Consumer Privacy Act, and others.
“Data breaches are constantly expanding, and some have a disastrous impact on both the privacy of users and the security posture of the organization. In today's era data has become the new currency,” said Cognigo CEO and founder Guy Leibovitz. “Regulations like California’s new privacy laws slated to come in effect in January 2020 and the GDPR, require organizations to up their data privacy and protection methodologies. Cognigo’s technology combines cognitive science, AI, and machine learning to reveal dark data at scale in real time and automatically enforce data privacy and protection regulations. We are excited to announce a strategic partnership with Prosegur which will help us expand our reach and deliver our unique solutions to an even wider audience.”
For more information and to schedule a demo, visit www.cognigo.com.