Vault Platform, the pioneering workplace ethics & compliance platform, has closed an $8.2 million Series A funding round to service demand from its fast-growing client base, drive Artificial Intelligence technology for misconduct reporting and expand its team. The investment was led by Gradient Ventures, Google’s AI-focused VC fund, and joined by London-based Illuminate Financial, as well as existing investors including Kindred Capital and Angular Ventures.
“Since announcing our platform to the market, the response has been remarkable,” says co-founder and CEO Neta Meidav. “Major breaches and ethical failures that go unreported can cost companies a fortune and turn into crises. Until now, enterprises could only rely on passive reporting mechanisms. Vault Platform is transformational, by empowering employees to surface the problems they experience, connecting the dots on repeated patterns and offering our customers an unparalleled risk detection capability.
Vault Platform is pioneering “TrustTech,” a new category of workplace technology. Designed to enable risk detection, build a culture where it is safe to speak up, and drive operational efficiencies, Vault’s products create a confidential space for employees and third-parties to submit records of misconduct they experience or witness coupled with unique capability to “connect the dots” on repeated patterns
Announcement: Vault Platform Secures $8.2M for Ethics and Compliance