RegScale Raises $20M in Series A Funding

RegScale

RegScale, a Tysons Corner, VA-based continuous compliance automation software company, raised $20m in Series A funding.

This round was led by SYN Ventures with participation from SineWave Ventures, VIPC’s Virginia Venture Partners, SecureOctane and several strategic investors.

The company intends to use the funds to drive sales and marketing initiatives initially targeted in the company’s three primary markets—government, financial institutions, and energy and utilities—and accelerate product development, as well as expand operational support.

Founded in 2021 by Anil Karmel, chief executive officer, and Travis Howerton, chief technology officer, RegScale delivers continuous compliance automation for heavily regulated industries, freeing organizations from paper via its security and compliance automation software. Through its Continuous Compliance Automation platform, RegScale is designed to meet any regulatory requirement with 70+ compliance requirements such as NIST, ISO, SOX, CMMC, and NERC-CIP supported out of the box and the ability for RegScale to digitize any regulation in under a week.

The company has research and development in Knoxville, TN.

FinSMEs

02/08/2022