Shield doubles pipeline in 2022, in advanced negotiations with Tier-1 banks

OurCrowd investors can join oversubscribed round for growing workplace intelligence provider

All current investors increased allocation in oversubscribed $20M Series B round, including one of the world's largest financial institutions
OurCrowd investors can join this round for a limited period
Shield doubled its pipeline in 2022, clients include Tier-1 global banks, asset managers, hedge funds and commodity trading firms; active opportunities and POCs with three Tier-1 global banks
Expansion into US market underway with robust pipeline; doubled head count of team including sales & strategy manger

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Dear Josb,

Financial institutions are under immense regulatory pressure and are required to comply with stringent regulations designed to prevent market abuse. It is increasingly complicated to sort through reams of data, an obligation whose global cost has spiraled to more than $50B a year. This complex problem has been exacerbated by the Covid-19 pandemic which resulted in many employees working remotely, making it almost impossible to centralize the flow of information.

OurCrowd is reinvesting in Shield, an Israeli startup that has created an AI-powered SaaS workplace intelligence platform which monitors and analyzes employee interactions for fraud, insider trading, market abuse and misconduct. The details in this email are based on information received from, and verified solely by, the company.

Oversubscribed Round
Since this investment was first offered on the OurCrowd platform in July, the $20M round is now oversubscribed. All investors have increased allocation, including one of the world's largest bank which has invested in the round.

Because of OurCrowd's special relationship with Shield, we can continue to offer OurCrowd investors exclusive access to this round for a limited period.

Doubling Pipeline in 2022
Shield doubled its client base in the past year to 12, which now include Tier-1 global banks, asset managers, hedge funds and commodity trading firms. It currently has active opportunities/POCs with three Tier-1 global banks. It's also in the final stages of ten RFPs for Tier-1 firms in EMEA and NA which could be worth over $8M in ARR.

Shield has zero churn and 140% net dollar retention.

New Partnership Agreements
Shield has signed an agreement with Intelligent Voice, a leading specialist in voice and audio analysis solutions. The deal will enhance Shield's voice surveillance capabilities on its platform.

KLDiscovery, a leading global provider of electronic discovery, information governance and data recovery solution has licensed and integrated Shield's technology in its own archive-based platform, expanding its data source coverage.

Expansion to US Market
Shield is doubling the head count of its US team which will focus on sales and marketing. The company has also brought in a senior US sales & strategy manager to guide the department.

Initial Traction
Shield's ARR grew 119% from the end of Q1 2021 to end of Q1 2022 and the company projects 2X ARR YOY growth in 2022. Helped by its SaaS business model, Shield's profit margin stands at 80%.

The Team
Shiran Weitzman, Co-founder and CEO, has over 15 years of technology and management expertise, mainly in financial services. Ofir Shabtai, Co-founder and CTO, previously founded and worked as CTO at several startups where he built global engineering teams and was responsible for strategy and the execution of real-time systems and big data.

The Round
OurCrowd has an up to $1.5M allocation in this oversubscribed $20M Series B round led by Macquarie Capital with participation from Mindset Ventures, and one of the world's largest banks.

This round is now closed, but OurCrowd investors can still participate for a limited period only.

Meet the CEO
Watch an investor briefing with CEO Shiran Weitzman and learn more about Shield.

The Shield Solution
Shield's SaaS communication and compliance platform automates and orchestrates the complete enterprise communications stack by:

Capturing the complete employee communications data, including supporting meta-data
Behavioral analysis to detect risks and misconduct by analyzing content-context-actor per electronic communication
Collaborating to achieve adherence with regulation and operational efficiency

Next steps:

Nothing contained in and accompanying this communication shall be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security by OurCrowd, its portfolio companies or any third party. Information regarding OurCrowd's limited partnerships and/or portfolio companies and the investment opportunities on OurCrowd's website is intended and available for accredited investors only (criteria at OurCrowd). OurCrowd urges potential investors to consult with licensed legal professionals and investment advisors for any legal, tax, insurance, or investment advice.