Secjur, a Hamburg-based data security startup has recently raised €5.5 million in finance after launching on its own. The Hamburg-based business wants to automate the compliance process and completely transform it.
Visionaries Club spearheaded the €5.5 million fundraisings, with help from Mario Götze, Nico Rosberg, and other business angels. In addition, well-known business angels Cocoa Ventures, SB21, Estelle Merle and Charlotte Pallua (co-founders of Topi), Ignaz Forstmeier (co-founder and former CMO of Personio), and others took part.
This fresh funding will be used to further develop the platform as well as to fuel its expansion into new markets and the DACH region.
In our increasingly digitalized and data-driven world, the significance of data protection and compliance is rising quickly. In addition to becoming more integrated into daily operations, compliance is also becoming more difficult to manage as new issues concerning security, legislation, data protection, information security, anti-money laundering, and whistleblowing arise.
With the creation of a “Digital Compliance Office,” an AI-based compliance automation tool, Hamburg-based Secjur hopes to make it easier. The firm received investment after launching on its own and using bootstrap funding.
Secjur is an AI-based platform for compliance automation that was founded in 2018. The startup’s technology streamlines procedures in the Digital Compliance Office for areas like data security, anti-money laundering, and whistleblowing.
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By using the platform, businesses can navigate this complicated environment with ease and quickly resolve compliance challenges.
Niklas Hanitsch, co-founder said, “Compliance is as flexible as it is challenging. Not only are the rules for data protection becoming increasingly stringent, but also for compliance in many different areas. For instance, the implementation of an information security management system is mandated for many businesses.”
Niklas further added, “A lot more compliance issues, such as AI regulation, will arise in the upcoming years. Regulation can improve both the physical and virtual worlds by defending consumer rights. However, putting compliance into practice is extremely difficult and presents significant difficulties for businesses. We step in at that point to help with our clever solution.”
With partnerships with companies like Mercedes Benz, Samsung, Yunex Traffic, 1KOMMA5°, MediaMarkt Saturn, Pantaflix, Klitschko Ventures, and Tomorrow Bank, Secjur has already made significant headway toward its goal of becoming the world’s top provider in the relatively new field of compliance automation.
“Unfortunately, compliance has turned into a major pain for businesses of all sizes due to its management being manual, expensive, and repetitive,” says Robert Lacher of the Visionaries Club. Secjur provides a solution by streamlining compliance management for organizations of all sizes and automating it. They will eventually be a component of every company’s IT stack.
The team has rapidly expanded to approximately fifty members under the direction of Niklas Hanitsch, Manuel Stahl, Simon Pentzien, and Sven Moritz. Additionally, secjur and its Digital Compliance Office took first prize in the cybersecurity category of the German Startup Cup.
Image Credit: Secjur