Complyance raises $20M to help companies manage risk and compliance | TechCrunch

"Richa Kaul says she's a bit of a data privacy nut. At parties, for example, she's the one helping people with their phone privacy configurations. "It got to a point where I realized the best way to actually protect consumer data is to help secure the enterprises that hold the world's data." So she launched a company called Complyance to do just that. On Wednesday, the company announced a $20 million Series A led by GV."

"Complyance is an app that companies integrate into their existing tech stack. It uses AI agents to help them manage governance, risk, and, well, data compliance. "The AI basically automates a number of manual tasks," Kaul said. "It uses AI to do custom checks on data coming in against their own specific criteria and risk thresholds." The AI then flags any risks that need review."

"These risk reviews can take weeks or months when done manually. It's a standard audit-based process that happens perhaps once a year or once a quarter, where teams will run a check on their organization. Tools like Complyance hope to make this process more efficient by using technology to run continuous checks in seconds, so companies never have to wonder if they are in data compliance. It also has an agent that assesses the risk of any third-party vendors."

Richa Kaul launched Complyance to secure enterprises that hold consumer data, translating a personal focus on privacy into an AI-driven product. Complyance integrates into existing tech stacks and uses AI agents to automate governance, risk, and compliance tasks, performing custom checks against company-specific criteria and risk thresholds. The platform flags risks for review and runs continuous checks in seconds, replacing audit-based processes that can take weeks or months. The system includes third-party vendor risk assessment. Complyance positions itself as AI-native compared with incumbents like Archer, ServiceNow GRC, and OneTrust, and has raised $28 million in a Series A led by GV and $28 million total funding to date.

Read at TechCrunch