Compliance.ai, a San Francisco, CA-based RegTech company, raised $3m in Series A financing.
The round was led by Cota Capital.
The company intends to use the funds to expand operations and its business reach.
Led by Kayvan Alikhani, CEO and co-founder, Compliance.ai provides a Modern Regulatory Change Management (RCM) solution that empowers banks, financial services and insurance companies to proactively manage the growing volume and velocity of regulatory changes as they occur and makes it simple to implement the correct steps to remain in compliance. Modern RCM by Compliance.ai delivers relevant content with personalized insights, obligation analysis and risk monitoring.