The Israeli company Shield raised $ 15 million led by Macquarie Capital

The Israeli company Shield, which develops a platform for detecting manipulations and fraud in the capital market, raised $ 15 million led by Macquarie Capital and OurCrowd and with the participation of Mindset Ventures. This is the first capital raising by the company, which was established in 2018 and has grown organically so far, through sales and revenues amounting to tens of millions of shekels.
Shield provides banks and financial organizations around the world with a platform for collecting, documenting and analyzing the internal and external organizational interactions of traders and employees - in accordance with the stringent regulatory requirements that deal with investor protection, capital market integrity and fraud prevention. Documentation and analysis include emails, chats, phone calls, Zoom, Microsoft Times and more, to allow the company to detect fraudulent attempts ahead of time by affecting securities, execution, insider trading and other means. The platform, which operates in the cloud, monitors more than 3 million interactions daily by about 150,000 employees in dozens of organizations, using a variety of tools, including language processing, behavior analysis and content.
Financial companies around the world are responsible for the activities of their employees, insofar as they have not supervised this activity in accordance with the strict regulatory conditions aimed at maintaining integrity, transparency and investor protection. Every year, companies, and especially banks, are fined huge sums of tens of billions of dollars due to irregularities.
In the past, companies maintained the required monitoring by outdated and inefficient technological means, using internal organizational tools, but the technological acceleration of recent years and the move to work from home have preyed on the cards after employees moved to run a variety of tools and run hundreds of millions of dollars from home kitchens. In their zoom or personal WhatsApp, which are fertile ground for scams and breaches of procedures. This situation has created a regulatory and operational challenge that has forced banks to turn to the help of technology companies like Shield.
 The start-up was founded by CEO Shiran Weizman and Ofir Shabtai, joined by Eran Noam, who serves as chief business officer. B, in Europe and the Far East.