World News: 10:00 GMT Wednesday 12th June 2019. [Infinnium via Globe Newswire via SPi World News]
CHANTILLY, Va., June 12, 2019 (GLOBE NEWSWIRE) -- LLC, a software company that develops solutions to improve information management and business decision-making through effective use of the latest artificial intelligence technology, announced today a multimillion-dollar seed investment in the company.
The investment was made by the Sahajanand Group, a technology conglomerate which has historically built successful enterprises based on emerging technologies. The Sahajanand Group of Companies, headquartered in India, is focused on developing pioneering smart technologies to bring groundbreaking solutions to the world’s most pressing challenges. The investment in Infinnium recognizes the potential for AI and other data technologies to address growing challenges in data privacy, data protection and regulatory compliance.
“Globally organizations are facing exponential data growth, combined with increasing complexity in security and data privacy. Organizations are not well equipped to derive the financial benefits available from effective information governance, and they continue to face expensive penalties and loss of financial value as long as the IG technology gap exists,” says Bhargav Kotadia, managing director, Sahajanand Group. “We have invested in Infinnium with a long-term outlook. We believe that Infinnium has the strategic vision and groundbreaking AI solutions to lead the coming transformation in information governance and data privacy.”
“We formed Infinnium to address huge risk, cost and compliance issues in the information governance market space. There exists substantially underutilized financial potential for decision support from structured and unstructured, numeric and textual data. Organizations in pursuit of effective information governance are hindered by the huge scale of data, manual efforts, a shortage of knowledge and a lack of specialized technology,” says Hari J. Pandya, co-founder and chief financial officer at Infinnium. “Infinnium is uniquely positioned to bridge those gaps with our sophisticated, simple and unified AI technology platform providing end users full control over information from diverse sources. We are pleased to have the Sahajanand Group endorse our vision and strategy, and we are excited to have them join hands with us with this vital funding.”
Company leaders at Infinnium plan to use the funding to support the final development efforts and market introduction of its 4iG™ Suite of solutions. The 4iG product suite leverages AI technology to provide visibility across an organization’s data repositories, offering insights into both structured and unstructured data. The 4iG framework allows corporations, law firms and other organizations to identify, analyze and govern information assets in support of business decision-making, data security and regulatory compliance.
ObscurePI™, a key module of the 4iG Suite, focuses on identification and management of personally identifiable information – a key component of HIPAA, GDPR, CCPA, Sarbanes-Oxley, FISMA and other data privacy and compliance regulations.
Interested organizations are invited to visit to learn about the 4iG Suite or join a cohort of early release beta testers for ObscurePI.
Globe Newswire: 10:00 GMT Wednesday 12th June 2019
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