Israel's Mirato, a platform that orchestrates and automates the entire TPRM lifecycle (including onboarding through monitoring), has completed a $9 million funding round to support the continued development and commercialization of its technology, the company announced Tuesday.
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Mirato's platform uses AI and natural language processing (NLP) to continuously collect information from risk managers, documents and machines while performing analysis and creating a feedback loop between data sources. The outcome is actionable insights for risk teams, which help to reduce operational costs and improve accuracy and corporate performance.
The round was led by Grove Ventures and co-led by Janvest Capital Partners, with additional funding provided by American Express Ventures, iAngels, and others.
Mirato co-founder and CEO Aki Eldar and co-founder and CTO Etai Hochman created Mirato to replace what they knew to be highly manual and time-consuming work with automated smart processes, freeing users to apply their skill and intellect on more critical risk management tasks.
The company recently opened a new U. office in New York and appointed Eran Abramovitz as its US sales director. Mirato is actively recruiting additional personnel with experience in the fields of data science and sales.
