ComplAI, an Oslo, Norway-based compliance platform for business processes, raised $1.7 million to further build out its cloud-based tool.
The round was led by RunwayFBU, with participation from Vestland Invest, DNV Venture, Kevin Bespolka, Göran Lindö, Gunnar Evensen, and Magnus Valmot.
“The capital will help build the organization, establish an online marketplace and marketing presence to scale up our footprint in the cosmetics industry, but also to get established in other industry verticals,” says ComplAI CEO Jørgen Kadal.
ComplAI’s software provides collaboration across actors (auditors, asset owners, standard owners, consultants & stakeholders) giving access to compliance documentation, standards, reporting schemes, and customizable requirement lists - reducing issues in supply chains and making simplifying the auditing process.
“We help clients reduce the cost of interacting with their suppliers, external auditors and customers by moving them onto a common platform where they can engage with them in compliance and reporting processes across standards and reporting regimes," says Kadal.
Company: Complai AS
Funding Month: April 2023
Lead Investors: RunwayFBU
Additional Investors: Vestland Invest, DNV Venture, Kevin Bespolka, Göran Lindö, Gunnar Evensen and Magnus Valmot
Company Website: https://complai.com/
Software Category: Compliance Platform
About the Company: ComplAI is a spinout company from the global assurance provider DNV with a mission to reduce friction in compliance processes for all involved parties. ComplAi offers online audit rooms where evidence can meet requirements in an efficient and secure way. The ComplAi software solution allows all involved parties in compliance processes across value chains to cooperate in a secure environment, where all tiers can collect, structure, store, audit, and distribute standards, documentation, evidence, and audit results.