Regtech Provider Compliance.ai Closes on $3M Funding Round
The funding, which brings Compliance.ai's total investment to $10 million, will be used for international expansion and to build out the company's regulatory change management software.
November 11, 2020 at 12:45 PM
2 minute read
Regtech company Compliance.ai is looking to take the next step in its growth, announcing this week that it has raised $3 million in a Series A funding round.
The capital was raised by Cota Capital, which had already previously invested in the company. This funding round brings Compliance.ai's total funding to $10 million, per Crunchbase.
Compliance.ai provides software focusing on regulatory change management processes, including intelligence and trend briefings, regulatory impact analytics and process automation, with a target market of risk officers, in-house counsel and others involved in the regulatory compliance process. The company said in a press release that this funding will be used to both augment those capabilities and expand the company's geographic base, including moving into G-20 regulatory coverage, enhanced workflows, advanced reporting and expanding its partnerships.
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