Newly Launched RegScale Announces $1.5M Early Funding Round and Key Customers for Its Security and Compliance Automation Software Platform>
Financial Buzz
RegScale, delivering continuous compliance automation for highly regulated public and private sector entities, was formally launched to the market today after spinning out from C2 Labs, a digital transformation services company. As part of this launch, RegScale also announced that it has secured an early funding round of $1.5M with participation from Virginia Innovation Partnership Corporation (formerly CIT), New Dominion Angels and several strategic investors, along with significant customer traction.

RegScale was built to help organizations in heavily regulated industries continuously manage the massive year over year growth in their compliance burden as they deal with fines that have increased more than 500% in recent years, according to McKinsey. The companyâs continuous compliance automation solution moves organizations from manual compliance approaches and processes to an API-centric, automated approach.
Link: https://www.financialbuzz.com/newly-launched-regscale-announces-1-5m-early-funding-round-and-key-customers-for-its-security-and-compliance-automation-software-platform/