Relyance AI, a Mountain View, Calif-based early-stage startup that is helping companies stay in compliance with privacy laws at the code level, raised a $25 million Series A round. At the same time, they revealed a previously unannounced $5 million seed round.
Menlo Ventures and Unusual Ventures led the A round, while Unusual was the sole lead on the seed. The company has now raised $30 million.
The funding intends used to Give Privacy Pros Real-Time Insights into their Codebase
Company: Relyance Inc.
Round: Series A
Funding Month: September 2021
Lead Investors: Menlo Ventures and Unusual Ventures
Company Website: https://relyance.ai/
Software Category: Privacy and data governance solution
About the Company: Relyance AI provides a complete privacy and data governance solution for the entire organization to collaborate on data protection and compliance seamlessly on a single platform. Using machine learning, Relyance AI learns an organization’s contractual requirements and actual data processing at the code level and then provides visibility and insight needed to take action on critical privacy issues in real-time. The company counts iconic customers like Dialpad, Patreon, Samsara, ThriveTRM, and True and has an all-star advisory board featuring Jyoti Bansal, Phil Lee, and other domain experts. The company is venture-backed by Unusual Ventures and Menlo Ventures.