Vendict News
4 articles
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Unlike tools that require extensive manual setup or fixed configurations, Vendict is designed to adjust to each organization’s specific environment.
Vendict, an AI-native platform in the enterprise Governance, Risk, and Compliance (GRC) space, has secured $10 million in a Series A funding round led by Moneta VC and JAL Ventures, with participation from existing investors. This brings Vendicts total capital raised to $20 million. The company aims to transform GRC operations by reducing manual work and improving efficiency through AI-driven tools. Vendicts platform is designed to adapt to each organizations environment, helping compliance teams focus on strategy and risk management. Founded in 2021, Vendict currently serves over 100 customers, many of whom have transitioned from older systems.
InvestmentCustomers
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Innovating Vendor Risk Management with AI: Meet Udi Cohen, Co-Founder of Vendict - ValiantCEO
Udi Cohen, CEO and co-founder of Vendict, discusses the companys use of AI to automate security questionnaires for IT suppliers. The goal is to reduce the workload for enterprises dealing with complex compliance and risk management requirements. Cohen highlights the importance of generative AI in the industry and believes companies that do not integrate this technology will not survive. He also emphasizes the importance of employee well-being in running a company.
Management Changes
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This Startup Leverages Linguistic Generative AI to Power Security Compliance Teams - CEO Weekly
Vendict, an Israel-based tech startup, has raised $9.5 million in funding led by NFX, Disruptive AI, and Cardumen Capital. The company uses linguistic generative AI technology to automate the response generation for security questionnaires, saving vendors countless working hours each month. The streamlined process also shortens the sales cycle, allowing vendors to close deals more efficiently. Vendict aims to be a business driver in the Governance, Risk, and Compliance (GRC) landscape by helping technology vendors fulfill their security requirements and simplify the adoption of new technology.
Investment
growth-positive
Vendict raises $9.5 million for its generative AI GRC tool | CTech
Vendict, an Israel-based company that uses generative AI to assist security compliance teams with Governance, Risk, and Compliance (GRC), has raised $9.5 million in funding. The round was led by NFX, Disruptive AI, and Cardumen Capital. Vendicts technology helps technology vendors meet their security requirements and simplifies the adoption of new technology by using AI to respond to security questionnaires. The company was founded in 2021 by Udi Cohen and Michael Keslassy.
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