Securiti.ai announced it has received $50 million in Series B funding. The investment will be used to service the customers of its Privaci.ai platform, which uses artificial intelligence and bots to automate compliance tasks. The vendor has now obtained $81 million over the past couple of months, and Securiti.ai President and CEO Rehan Jalil believes this is a signal that automation will be the future of privacy compliance. IAPP Associate Editor Ryan Chiavetta, CIPP/US, spoke with Jalil about what his company plans to do with its new financial resources and whether more automation-focused vendors will appear on the market.
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