Investment in AI Security Company, Getvisibility
10 March 2020
Sure Valley Ventures
Investment in AI Security Company Getvisibility
Sure Valley Ventures, the entrepreneur-led venture capital firm that invests in early stage software companies across a range of high-tech verticals, is pleased to announce that it is leading a €1,250,000 investment round in Getvisibility, an AI security company.
- Invested €750,000 in Getvisibility as part of €1,250,000 investment round
- Proprietary software that leverages AI to discover, classify and protect critical data
- Notable blue-chip client base and strong pipeline of new business opportunities
- Capital raised will be used to accelerate international go to market initiatives.
Sure Valley Venture CIO, Barry Downes, said, “Getvisibility’s software leverages AI to discover, classify and protect critical data. With a world-class team, proprietary technology and given its total addressable market is $4 billion today, Getvisibility’s opportunity is vast. It already has an impressive list of blue-chip clients across various sectors including oil & gas, finance and healthcare, and is growing rapidly. We look forward to supporting the company on its exciting journey as it scales global sales.”
Getvisibility CEO & Founder, Ronan Murphy, said, “Given our global ambition to build a business with international scale and further strengthen our blue-chip client base, we are delighted with this investment. We are particularly pleased to have the support of notable investors, which have track records recognising and investing in other successful high-tech companies.”
Cork, Ireland based Getvisibility provides an enterprise security product that helps organisations manage the 80% of their data that is unstructured, i.e. Word, Excel, PowerPoint, Pdf, versus the other 20% being data in databases. In doing so, Getvisibility helps organisations gain control over unstructured data, categorise it and make it organised, protectable, migrated to the cloud and searchable. In essence, the software enables companies to quickly visualise their data footprint, where new and changing data risks have surfaced thus allowing for proactive data management and security.
Getvisibility’s technology utilises the latest in Deep Learning AI, a lightweight enterprise architecture that provides fast and accurate visibility of all the data within the clients’ environment. Notably, it removes the need for large teams of people to try and deal with this problem manually and eliminates the need for legacy tech that attempts to tackle this problem using regex or dictionary look up. Getvisibility’s highly scalable AI models are adapted for specific data structures on a per industry basis and can process and understand unstructured information as it is being created.
Having launched its software in 2018, Getvisibility already boasts an impressive international blue-chip client base including leading insurance, healthcare, data provision and accountancy businesses such as Ireland’s largest healthcare provider, Laya Healthcare, and FBD Insurance plc. It also has a strong pipeline of advanced diverse new opportunities. Accordingly, to help scale its global sales, Getvisibility has raised €1,250,000 in an investment round led by Sure Valley Ventures, which has invested €750,000, and which includes other investors such as AIM listed Pires Investments PLC.
Post the investment, Getvisibility is strengthening its board with the appointments of Sure Valley Ventures Partner, Brian Kinane, and software industry veteran Ferras Zalt.
Mr. Zalt has held positions at the NASA Space Agency, and Compaq Computer Corp. in the USA. In 1995, he founded SoftTech, an IT consultancy business with a focus on the energy sector to capitalise on the need for specialist IT technical services particularly in the Oil and Gas sector. SoftTech grew rapidly and went on to deliver the largest SAP installation in the world at the time for Saudi Aramco. In 2001, Mr. Zalt sold the company to Atos Origin achieving several fold returns on invested capital and remained on as CEO to drive the business to further success. In 2005, as a result of a global repositioning strategy, Mr. Zalt had the opportunity to lead a management buyout of the company and within two years sold the company to Hewlett Packard, achieving significant returns to investors. In 2010, he led an investment management buyout in Gulf Energy, an Oil and Gas full-service company; in three years, he sold the investment achieving healthy returns. More recently, in 2019 Mr. Zalt took up a position of Executive Chairman of TSX listed Elixxer Ltd.
Mr. Kinane is an experienced industry software technology entrepreneur and investment manager with extensive corporate technology experience including product management roles at global telecom companies such as Ericsson Group and Telenor Group and executive roles at venture capital-backed technology start-ups. Mr. Kinane has had a successful track record as an alternative investment manager, having funded over 100 companies and achieving attractive returns for fund investors.
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For further information, please visit https://surevalleyventures.com/ or contact:
|Simon Hughes||Sure Valley Ventures||+44 (0) 20 7186 9918|
|Isabel de Salis||St Brides Partners (Financial PR)||+44 (0) 20 7236 1177|
|Susan Brennan||Getvisibility||+353 86 141 5150|
Notes to Editors
Sure Valley Ventures is an entrepreneur led Venture Capital firm that invests in early stage software companies. Sure Valley Ventures focuses on areas of large growth and potential over the next five years including Artificial Intelligence (AI), the Internet of Things (IoT) and Augmented and Virtual Reality (AR/VR) software technology companies. Offering ongoing support, connectivity with its far-reaching tech network, and access to a diverse range of financial market expertise, Sure Valley Ventures is focused on helping software entrepreneurs build ground-breaking new technology companies.