RegScale announces $20 million Series A Funding round

RegScale announces $20 million Series A Funding round

TYSONS CORNER, VA, August 2, 2022 – RegScale, a leading continuous compliance automation software company with headquarters in Tysons Corner, VA and research and development in Knoxville, TN, today announced the completion of a $20 million Series A funding round. This funding round was led by SYN Ventures with participation from SineWave Ventures, VIPC’s Virginia Venture Partners, SecureOctane and several strategic investors.

The funding will primarily be used to drive sales and marketing initiatives initially targeted in the company’s three primary markets — government, financial institutions, and energy and utilities — and to accelerate product development to meet the needs of customers globally.

“RegScale is leading the way in ‘shifting left’ compliance to accelerate digital transformation programs, reduce risk, and lower the costs of manual compliance documentation while delivering rapid time-to-value which our customers are demanding,” said Anil Karmel, co-founder and chief executive officer, RegScale. “As such, we are launching the ‘RegOps’ [Regulatory Operations] Movement to help heavily regulated organizations evolve and improve compliance and trust at a faster pace than organizations using traditional compliance artifact development and compliance management processes.”