Strategic Risk Associates Raises $4M in Funding

Strategic Risk Associates (SRA), a Glen Allen, VA-based provider of enterprise risk and performance management software and consulting solutions, raised $4M in first equity funding round.

The backers were not disclosed.

The company intends to use the new capital to accelerate growth and hire talent, ramp up product development and enhance data analytics while building out a technology partner ecosystem and sales and marketing team.

Led by Michael B. Glotz, Co-founder and CEO, Strategic Risk Associates is a technology solution provider and risk management consulting practice serving Financial Services and Technology Industries. SRA Watchtower is a risk intelligence and performance management platform built to continuously inform, enlighten, and empower banking executives and boards.

The company has also hired Chief Technology Officer Joe George, who has been a leader at two organizations that have moved into the Fortune 500 through innovation, digital transformation, industry disruption and a focus on delivering actionable data to customers and business partners.