FTAPI Software, which builds software for secure data transfer and workflow automation, has raised €15m in fresh funding.
The capital was supplied by Digital+ Partners, a technology-focused venture firm, which has the option to add an additional €5m to the investment. Alongside the funding, Digital+ Partners will serve as a strategic advisor to FTAPI.
This equity has been earmarked to help FTAPI expand its position in the market and capitalise on future opportunities.
FTAPI has built a security standard for workflow automation that combines encrypted storage and automated user onboarding. Its technology is designed to make data processing, both internal and external, to be streamlined.
Its solutions include secure data exchange, data protection, email encryption, large file transfers, input management and more.
FTAPI Software CEO Daniel Niesler said, “The growth potential for workflow automation is enormous. Every company has a need for it. At a time when data security is becoming increasingly important to corporate decision-makers, these optimizations allow resources to be better deployed while meeting growing compliance and legal requirements.”
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