The London-based startup raised the capital from Osney Capital, Superseed, Tiny, and Rule30 to fuel product development and international expansion.
"Spreadsheet-based access tracking is now a legal and security liability. They need real-time visibility into who has access to what, before attackers or regulators find the gaps. That’s exactly the problem Ploy solves."
The funding round includes participation from Sustainable Future Ventures, Hearst Ventures, Elbow Beach Capital, and WakeUp Capital to expand international reach.
The funding follows a series of investments from Mimecast co-founder Peter Bauer to support international growth and combat AI-generated application fraud.
"Employers tell us they are inundated with AI-generated CVs that are hard to verify and review. That’s making it increasingly difficult for genuine, qualified candidates to stand out"
The LegalTech Fund backed the side letter management platform to support product development and international growth.
"As a firm, Proskauer has been deeply involved with ProVision since we first became aware of its transformative capabilities, especially for side letter management. Having helped the team develop its current product offering and now working closely with the firm to help build some game-changing future features we are thrilled ILS has secured this important investment, which will help revolutionize our product offering to clients."