In a move that underscores its commitment to innovation, Barclays Bank, in partnership with Capri Ventures, has invested in Velotix, an AI-driven data security platform and graduate of the Barclays Rise Growth Academy. This strategic investment aims to revolutionize data security for global organizations by automating policy enforcement and offering context-based access to data through advanced AI algorithms.
Kester Keating, head of US principal investments at Barclays, expressed enthusiasm about the partnership: “As an alumni of the bank’s Rise Growth Academy, Barclays is pleased to support Velotix in its mission to revolutionize data security. We believe that together, we can create significant value and drive innovation in the financial services sector.”
While the exact amount of the investment remains undisclosed, Velotix plans to leverage the funds to expand its product range and enhance its business reach. This investment marks a significant milestone for Velotix, providing the resources needed to advance their cutting-edge technology and broaden their impact on the industry.
Velotix‘s platform stands out for its ability to automate complex data security policies, ensuring seamless and secure access to information. This capability is increasingly vital as organizations worldwide grapple with the growing challenges of data protection and regulatory compliance.
This funding round reaffirms Barclays’ commitment to fostering innovation through its Rise Growth Academy, supporting alumni who are making groundbreaking advancements in their fields. Velotix is poised to lead the way in AI-based data security, driven by the support and strategic insight from its new partners.
Stay tuned as Velotix continues to redefine data security, supported by the robust backing of Barclays and Capri Ventures.
