VComply, a Palo Alto, Calif.-based GRC management platform, closed $6m Series A funding.
Backers included Counterpart Ventures and Accel.
The company intends to use the funds to accelerate market operations in the US, and hire several senior roles in engineering, product and marketing in the US.
Founded in early 2019 by Harshvardhan Kariwala, CEO, VComply has built a cloud-based governance, risk and compliance (GRC) platform that streamlines operations in this sector of corporate operations, where complexity is increasing due to new privacy regulations and more businesses operating in the cloud on a global scale.
The solution standardizes compliance processes through a central management dashboard which is accessible via desktop or mobile. While it’s designed as an enterprise-level system, organizations of any size can use VComply to assign responsibility for hundreds of internationally recognized compliance requirements to individuals and departments across their business, streamlining this otherwise complicated process and saving significant time and money. Users of VComply are also protected from expensive penalties and human error risk-reduction when meeting compliance deadlines.
VComply has a global presence with offices in California, Kolkata, Manchester and Singapore. Clients span a wide array of verticals and include Costa, TLS Contact, and CHD among many others.