TEL AVIV, Israel--(BUSINESS WIRE)--Intelligo Group, the leading provider of personal and business background screening powered by artificial intelligence, is pleased to announce a $15 million Series B financing led by Behrens Investment Group and including several existing investors. Intelligo will use the proceeds to expand its team and accelerate US expansion.
This fundraising round follows record demand for Clarity™, Intelligo’s one-stop platform delivering background checks and continuous monitoring with matchless ease, speed, and accuracy. Banks, institutional investors, capital allocators, law firms, and other Intelligo customers share a fundamental need to understand who they’re doing business with. They need a comprehensive report quickly, when there is a decision or a deal to be made, and they need to know in real-time if something changes. These needs are only accentuated in a time of working and transacting from a distance.
"Intelligo's mission is to empower trust and manage risk," said Shlomo Mirvis, Co-Founder and CEO. "COVID-19 demonstrates the need for products that can be used anywhere, at any time, in a very simple and efficient manner. We designed Intelligo to offer the highest quality reports while being as easy to use as Amazon, Uber, or Netflix," added Mr. Mirvis
"To manage fraud and reputational risk, it has never been more important for companies to vet their partners, vendors, and leadership," said Evan Behrens, Managing Partner at Behrens Investment Group. "Intelligo offers a background screening solution that is faster, more accurate, and easier to use. Whether it is an instantaneous quick check, a comprehensive report, an annual refresh, or continuous monitoring, we believe Intelligo is poised to become the new industry standard. We are excited to partner with Intelligo to drive this next phase of growth," added Mr. Behrens.
Intelligo is also proud to announce the addition of a new US-based chairman of the Board, Mr. Paul Friedman. Paul brings with him 35 years in operating roles on Wall Street and currently serves on the board of several public and private companies.
Intelligo Group is a leading provider of comprehensive background checks Software. Its Clarity Advantage™, Clarity Now™, and Clarity Monitoring™ products are built using a proprietary artificial intelligence and machine learning engine that saves time, improves accuracy, and expands coverage. https://intelligo.ai/