Datricks CEO: Customers get an X-ray view into their company
The company offers AI-based software that connects to an organization system, mines its financial data, and flags issues. “We revolutionized the way organizations do internal audits”
Product: Automatic business process discovery and mining
Raised: $6.5 million
Founders: Haim Halpern and Roy Rozenblum
“We revolutionized the way organizations do internal audits with a new, automatic technology,” said Haim Halpern, the CEO and co-founder of Datricks. The company offers organizations an AI-driven automatic business-process discovery and mining software that “connects to an organization’s system, mines all of the financial actions the organization does automatically and flags issues, and I can tell you, from our work so far, we saved our clients millions,” he said proudly.
“The second market is the Latin American one. Apparently, there are places there like Brazil and Mexico that have heavy, complicated financial bureaucracy, really strange things that we have the ability to identify.” Halpern further explained that “as soon as we show meaningful traction in those two markets we will go for another fundraising round and continue forward, much stronger.”“We see dozens of clients that can join us, just think that there are about 3,000 IPOs a year, and they all have the same issues,” Halpern said, also mentioning they are eyeing the governmental sector in the U.S. but admitted it might be too early for them to target it. Regardless, Halpern made a point to show that there is no other company quite like them. “There are tech companies that use similar mining technology, which create platforms for consulting companies like we used to be, you take a tool and then put on top of it hours of consulting to do the work we do automatically. Another realm that is close to us is knowledge management solutions, data, and decision-making documentation. These solutions are done by hand, targeting the market but with zero automation. We work in both realms, we bring in the data and analyze it, provide applicable solutions and generate insight automatically, no one else does it the way we do.”