Knife Capital has invested $2 million in VoxCroft Analytics, a South African open-source intelligence startup, to help accelerate its already rapid expansion in the United States and other foreign markets.
VoxCroft has offices in South Africa and the United States, and a global network of more than 100 people spread across 13 countries, the firm is on the rise.
Knife Capital’s US$2 million investment will aid the company’s strategic plans for expansion. South Africa’s CEO, Barend Lutz, said the company was looking forward to collaborating with Knife Capital on its expansion strategy.
VoxCroft was founded in 2018, it specializes in open-source intelligence (OSINT), which differs from other types of intelligence such as human intelligence (HUMINT) and signals intelligence (SIGINT) in that it uses open-source data.
Essentially, the company creates cutting-edge intelligence and risk analytics solutions for the government and business customers, assisting decision-makers by generating precise, fast, and valid information.
Barend revealed that open-source intelligence’s gathering and analysis components are becoming increasingly sophisticated and important to public and private sector success in anticipating risk faster than ever before.
According to Barend, VoxCroft is ready to transform how information is discovered, processed, and delivered around the world, thanks to Knife Capital’s investment.
He affirms that Knife Capital knows how VoxCroft’s unique kind of intelligence tradecraft synthesizes machine learning, exclusive machine translation, data science, and human knowledge because of their concentration on technology.
Knife Capital managing partner Andrea Böhmert explained why the firm considered VoxCroft for funding. Knife Capital believes in investing in companies that are forward-thinking, solve genuine problems, and can provide excellent returns to their owners.
VoxCroft corresponds to the perfect investor profile. She went on to say that the firm has been following VoxCroft for a while and has been impressed by the technology, the team, and the breadth of insights the company can deliver to a variety of customers with varying intelligence requirements.
Knife Capital’s conviction was based on VoxCroft’s ability to predict recent insurgency operations in northern Mozambique as well as an exceptionally fast, precise, and relevant reaction to the riots in South Africa, according to her.
The funds will be used to help the company make some major strategic appointments and accelerate growth plans in preparation for a larger funding round in the next 6-12 months.
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