Governance, risk management and compliance (GRC) solutions provider RegScale on Wednesday announced raising over $30 million in an oversubscribed Series B funding round.
The new investment, which brings the total raised by the company to more than $50 million, was led by Washington Harbour Partners, with participation from M12, Hitachi Ventures, Ankona Capital, SYN Ventures, and SineWave Ventures.
The funding will enable RegScale to grow its go-to-market team and expand the capabilities of its platform.
The Virginia-based company has developed what it describes as a continuous controls monitoring (CCM) platform that leverages AI agents to continuously monitor compliance, automate evidence collection, conduct audits, and analyze risk.
The platform is designed to help organizations build compliance programs, continuously monitor various types of risks, and integrate compliance-as-code into DevSecOps processes.
“CISOs are faced with ensuring the systems that keep our country running can withstand increasingly sophisticated cyber threats. From homeland security missions, to the grid, to our leading cloud service providers, to global banking transactions, every compliance gap can quickly become an operational catastrophe or worse, a national security risk,” said Travis Howerton, co-founder and CEO of RegScale.
“RegScale was built to close those gaps in real time while cutting costs and accelerating missions,” Howerton added.
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