VoxCroft Analytics, a South African open-source intelligence startup, has received over $2 million in Series A funding from Knife Capital to accelerate its already rapid expansion in the US and other international markets.
“The collection and analytical components in open-source intelligence are increasingly sophisticated and critical to public and private sector success in anticipating risk faster than ever before. With Knife Capital investment, VoxCroft is poised to redefine how information can be discovered, analyzed, and delivered across the globe,” said the chief executive officer (CEO) of VoxCroft South Africa, Barend Lutz
“With their focus on tech, Knife Capital understands how our new form of intelligence tradecraft synthesises machine learning, exclusive machine translation, data science, and human wisdom.”
Knife Capital’s US$2 million investment will aid the company’s strategic expansion objectives.
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Why The Investors Invested
Knife Capital managing partner Andrea Böhmert explained why the firm considered VoxCroft for funding.
“At Knife Capital we believe in investing in forward-focused companies that solve real problems and can generate great returns for our shareholders. VoxCroft fits the ideal investor model. We’ve been tracking VoxCroft for some time and have been impressed by the technology, the team, and the depth of insights the company is able to provide to a wide range of customers with diverse intelligence needs,”she said.
“What convinced us was their ability to prognosticate the recent insurgency activity in northern Mozambique and incredibly fast, accurate, and relevant response to the riots in South Africa. Our funding will help the company to make some immediate key strategic appointments and propel growth plans in anticipation of a larger funding round that will be raised in the next 6–12 months.”
A Look At What The Startup Does
VoxCroft, which was founded in 2018, 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.
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Essentially, the company creates cutting-edge intelligence and risk analytics solutions for government and business customers, assisting decision-makers by providing accurate, fast, and relevant data.
VoxCroft has headquarters in South Africa and the United States, and a global staff of more than 100 people spread across 13 countries.
VoxCroft Analytics open-source VoxCroft Analytics open-source
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
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