iTWire Wednesday, 09 June 2021 14:28 Castlepoint attracts $3 million in capital raising Shares Canberra-based AI compliance software specialist Castlepoint Systems has successfully completed its $3 million series A funding round. Castlepoint's series A round was led by Main Sequence, the investment fund created by CSIRO, and existing investor IxTx also participated. Castlepoint uses AI to automatically discover, classify and control every document, email, chat message, database, or webpage within an organisation. It then identifies rogue data and warns of potential compliance. There are already more than 25 live implementations of the product. "The traditional models for managing information do not work well anymore," said Castlepoint CEO and co-founder Rachael Greaves.