# Mirato

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mirato

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.mirato360.com
- Total disclosed funding: $9M
- Latest round: Seed (Feb 16, 2021)
- Investors on record: 4

## About

Based in Israel, Mirato Ltd is a developer of advanced Third Party Risk Management (TPRM) solutions, leveraging Artificial Intelligence (AI) and Natural Language Processing (NLP) technologies to enhance risk assessment and management processes for organizations.Mirato Ltd, founded in 2019, is headquartered in Tel Aviv-Yafo, Israel. The company specializes in providing technology solutions for managing third-party risks. The founding team includes Aki Eldar, Doron Tamir, and Etai Hochman, with Aki Eldar serving as CEO. In February 2021, Mirato Ltd raised USD 9.00 mn in a Seed round of funding, co-led by Grove Ventures and Janvest Capital Partners, with participation from American Express Ventures, iAngels, and other investors.Mirato specializes in Third Party Risk Management (TPRM) solutions powered by advanced Artificial Intelligence (AI) and Natural Language Processing (NLP) technologies. Their core offering, the Mirato TPRM Intelligence Platform, streamlines the process of assessing third-party risks by automating due diligence questionnaires, integrating existing risk frameworks and controls, and utilizing comprehensive data analytics. This platform serves a diverse clientele, including risk management professionals across various industries, who utilize the solution to enhance their decision-making processes and manage risks associated with external partnerships. The TPRM platform is primarily marketed to clients in North America and Europe, addressing the growing need for effective risk management strategies in a landscape increasingly marked by regulatory scrutiny and operational complexities.Mirato generates revenue through a subscription-based model, allowing organizations to access their TPRM Intelligence Platform and its suite of tools. Clients typically engage with the platform on an annual basis, paying fees that encompass access to automated risk assessments, data insights, and continuous monitoring capabilities. Specific pricing structures and plans are tailored to the needs of individual clients, reflecting the size of their operations and the complexity of their risk management requirements. The flagship services include the automated questionnaire feature, which significantly reduces the manual labor involved in risk assessments, ultimately driving operational efficiencies for businesses. This B2B model enables Mirato to build long-term partnerships with organizations looking to enhance their risk management capabilities.In February 2021, Mirato Ltd raised USD 9.00 mn in Seed funding to support the continued development and commercialization of its technology. Under the leadership of Aki Eldar as CEO and Etai Hochman as Chief Technology Officer, the company plans to expand its product offerings and enhance its TPRM Intelligence Platform. Mirato aims to penetrate additional markets in Europe and North America by 2023, focusing on new industries that require robust risk management solutions. The funding will be utilized to accelerate product development and to increase marketing efforts to reach potential clients in these new regions.

## Funding rounds

- Seed, Feb 16, 2021, $9M — American Express Ventures, Joule Ventures, Grove, iAngels

## Investors

- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Seed
- Joule Ventures (https://capitalatlas.ai/funds/joule-ventures) — Seed
- Grove (https://capitalatlas.ai/funds/grove) — Seed
- iAngels (https://capitalatlas.ai/funds/iangels) — Seed