Datricks, a Tel Aviv, Israel-based financial integrity startup, has secured $15 million in Series A funding.
Investors
The round was led by Team8’s venture arm, with SAP making a strategic investment. Existing investor Jerusalem Venture Partners also participated.
Team8 is a global Venture-Creation and Venture Capital Fund focusing on building and investing in companies across Cybersecurity, Data & AI, Fintech, and Digital Health sectors. Team8 supports startups from inception to growth, providing specialized expertise in technology, go-to-market strategies, HR, and business operations to enhance their success.
Datricks Use of Funds
The funding empowers Datricks to advance its mission of transforming how businesses manage risks and ensure financial integrity.
About Datricks
Founded by Haim Halpern and Roy Roenblum, Datricks offers an AI-powered automated risk mining solution designed specifically for financial teams. The solution enables internal auditors and finance leaders to achieve continuous financial compliance with greater efficiency and confidence. By leveraging AI, Datricks automates risk assessments, identifies hidden patterns, and delivers actionable insights, facilitating proactive risk management and ensuring financial integrity.
Funding Details
Company: DATA.R.X LTD.
Raised: $15.0M
Round: Series A
Funding Date: September 2024
Lead Investor: Team8
Additional Investors: SAP, Jerusalem Venture Partners
Company Website: https://datricks.com/
Software Category: Financial Integrity and Compliance
Source: Lazer Cohen, Concrete.media