RegScale, a Tysons, Virginia-based leading continuous compliance automation software company, announced that it completed $20 million Series A funding.
The round was led by SYN Ventures, with participation from SineWave Ventures, VIPC’s Virginia Venture Partners, SecureOctane, and several strategic investors.
The funding will primarily be used to drive sales and marketing initiatives initially targeted in the company’s three primary markets — government, financial institutions, and energy and utilities and to accelerate product development to meet the needs of customers globally.
Company: RegScale, Inc.
Raised: $20.0M
Round: Series A
Funding Month: Aug 2022
Lead Investors: SYN Ventures
Additional Investors: SineWave Ventures, VIPC’s Virginia Venture Partners, and SecureOctane
Company Website: https://regscale.com/
Software Category: Security and Compliance Automation Software
About the Company: Founded in 2021, RegScale delivers continuous compliance automation for heavily regulated industries, freeing organizations from paper via its security and compliance automation software. The company’s continuous compliance automation platform moves organizations from manual compliance approaches and processes to an API-centric, automated approach. Their next-generation Governance, Risk, and Compliance (GRC) platform integrate with existing security and compliance platforms, delivering evergreen compliance documentation while simultaneously visualizing compliance and operational risk to decision makers in real-time. Through its Continuous Compliance Automation platform, RegScale is designed to meet any regulatory requirement with 70+compliance requirements such as NIST, ISO, SOX, CMMC, and NERC-CIP supported out of the box and the ability for RegScale to digitize any regulation in under a week.
Source: https://regscale.com/blog/series-a