Regology, a San Francisco CA-based company focused on automating enterprise compliance with AI, raised $8M in Series A funding.
The round was led by ACME Capital.
The company intends to use the funds to further develop its AI platform and expand its team with new hires in engineering and sales.
Led by Mukund Goenka, co-founder and CEO, Regology provides an AI-based regulatory compliance platform that actively tracks regulatory updates, allowing companies to dynamically monitor changes to business-relevant laws, identify emerging risks and fines, and set up controls to ensure legal requirements are being met.
The company has built a large unified database of more than 94 million requirements across millions of sections of law for the Technology and Banking industries, covering 25 countries, more than 1,000 agencies and eight languages.
The company serves multiple industries, including energy, financial services, healthcare, infrastructure, manufacturing, real estate, technology, telecommunications, transportation, and utilities; and functional areas, including anti-corruption, consumer protection, data privacy, environmental safety, food safety, health and human safety, labor and employment, physical security, product safety, responsible sourcing, trade control, and supply chain.