Redactable, an AI-based redaction platform, generated $5.5 million in seed funding led by Gradient Ventures with participation from additional investors.
Redactable's AI-driven platform leverages natural language processing and machine learning to automatically detect sensitive information in documents and redact it. The company plans to use the funding to advance its market reach, visibility and operations.
"With so much confidential information being shared electronically, the risk of data vulnerability for both individuals and organizations is increasing exponentially," said Amanda Levay, Redactable Founder and CEO, in a statement. "Too much time is spent using black markers or drawing boxes over sensitive data, which is not only inefficient but also ineffective."