Thentia, an Oklahoma City, OK-based company which specializes in regulatory technology, raised $38M in Series B extension.
The round was led by First Ascent Ventures, Spring Mountain Capital, BDC Capital, and Espresso Capital.
The company intends to use the funds to scale operations, propel accelerated growth, invest in artificial intelligence, and enhance its ability to meet the needs of its expanding global client base.
Led by CEO Julian Cardarelli, Thentia works for regulators and regulatory agencies worldwide with a platform that handles department functions including licensing, investigations, enforcement, fitness to practise, quality assurance, scope of practise, continuing education, board management, data analysis, and more. Thentia Cloud empowers regulators to transcend the constraints of legacy processes, custom-built solutions, and a web of disparate applications, all with a platform.
Commenting on the news, Julian Cardarelli said: “We’re grateful for the steadfast support of our investors who have played a pivotal role in our journey. Together, we have not only built the regulatory platform of the future, but have also achieved remarkable success, becoming a leading force in enabling regulators to stay a step ahead with the rapidly evolving technology landscape.”
FinSMEs
27/01/2024