txtsmarter, a Santa Clara, CA-based secure pipeline for full communications capture across private messaging applications, platforms, and services, announced that it completed a Series A funding round.
The round was led by Carolina Financial Group, a North Carolina investment bank and financial services company.
The funds will be used to expand its services in the US and European enterprise markets, to enable companies in highly regulated industries to respond to increasing oversight from regulatory agencies.
To guide the company in its new phase of growth, Edward Green, an experienced technology CEO and Founding Partner of Exigent Ventures, has been appointed the new CEO of Textsmarter LLC.
Textsmarter LLC recently won two global regulatory awards for “Most Innovative Use of Alternative Data in Regulatory Compliance” and “Leading Innovators in Communications Data Leak Mitigation”.
Company: Textsmarter Inc.
Raised: Undisclosed
Round: Series A
Funding Month: Aug 2022
Lead Investors: Carolina Financial Group
Additional Investors:
Company Website: https://txtsmarter.com/
Software Category: Compliance Communications Surveillance Service
About the Company: txtsmarter is an award-winning enterprise communications surveillance compliance service that collects, encrypts, and archives messages from text messaging and social media platforms around the world, including Apple iMessage, Android SMS/MMS, and WhatsApp, in real-time, preventing compliance and communication data leaks in highly regulated industries. Its service provides a transparent and secure way for businesses to easily archive messages in order to comply with complex retention and privacy regulations. txtsmarter offers unprecedented monitoring, rule application, and pre/post-incident reporting capabilities. With rapid implementation, txtsmarter provides significant risk avoidance and cost savings to compliance organizations. txtsmarter is based in San Mateo, California, and has offices in San Ramon, California, and London, England.
Source: https://txtsmarter.com/company-will-use-investment-to-expand-its-enterprise-offering-across-us-and-global-markets-to-meet-increased-consumer-demand-for-its-solution/