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Israeli Startup Slice Raises $7M for AI Compliance Platform

Israeli Startup Slice Raises $7M for AI Compliance Platform

"Israeli Startup Slice"

Slice, a groundbreaking Israeli tech startup has successfully raised $7 million in Seed funding with a goal to progress their unique global equity platform that integrates Artificial Intelligence (AI) for efficient compliance. Lead by TLV Partners, this significant funding round further received backing from R-Squared Ventures, Jibe Ventures, and numerous multinational legal firms and angel investors.

The funding enables Slice to accelerate their strategic growth plans, intending to amplify its AI-driven platform to better cater to global equity management needs. The additional backing solidified their position in the competitive legal tech market and connected them with experts able to bolster their market penetration strategies.

Designed with a vision to transform businesses worldwide, Slice’s platform enables CFOs and businesses to proficiently issue and manage equity for their global workforce. This advanced AI-driven platform easily navigates through varying global laws and tax regulations, providing users with a seamless experience. Ultimately, this comprehensive tool revolutionizes the tedious process of issuing and managing equity across multiple jurisdictions.

In addition to maintaining consistency in global equity operations, Slice improves the efficiency of equity plans for both employers and employees with its AI-enabled tax optimization. The platform reduces potential risks of non-compliance and aids companies in tailoring their tax strategy, thereby facilitating a more transparent and efficient equity management process.

Founded by a reputed technology lawyer, Maor Levran, a seasoned data scientist, Aviram Berg, and Yoel Amir, an experienced AI product management executive, Slice is built on a vision for a tech-driven world. The diverse expertise of the founders has been instrumental in the startup’s success.

Levran identified the challenges faced by companies in managing equity for international employees due to ever-evolving regulations and complex laws across different countries. His aim with Slice is to simplify these tasks significantly while eliminating concerns of potential non-compliance penalties. His ultimate objective is to transform what could be a complex process into an easy and manageable task.

Currently, Slice operates in 23 countries, but sets an ambitious goal of extending its reach to over 100 countries by 2024. Their progressive aspirations aim for substantial expansion into other markets across the globe, making equity management more accessible and less daunting for businesses worldwide.

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