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AscentAI

AI-powered regulatory compliance automation platform

Overview

AscentAI provides AI-enabled compliance automation for financial services. Its core product is a regulatory lifecycle management platform that automates how firms handle regulatory changes. The system uses horizon scanning to anticipate upcoming regulatory shifts and creates an up-to-date digital register of a firm’s regulatory obligations for continuous compliance. The service is delivered as software as a service (SaaS) to banks, investment firms, and other financial institutions, helping automate labor-intensive compliance tasks, improve efficiency, and reduce the risk of non-compliance. What sets AscentAI apart is its combination of AI-driven automation with horizon scanning and a consolidated view of regulatory content focused on the full regulatory-change lifecycle. The company's goal is to help financial organizations stay ahead of regulatory changes and maintain continuous, efficient compliance. In January 2024, AscentAI was acquired by Edgewater Equity Partners.

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About AscentAI

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Industries

Data & AnalyticsEnterprise SoftwareAI & Machine LearningFinancial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$26.8M

Headquarters

Chicago, IL

Founded

2015

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Funding

Total Funding

$26.8M

Below

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

Company News

Yahoo Finance
May 7th, 2026
Ascent delivers $19.4M revenue in Q1 2026, nearly double-digit growth on 31 project wins

Ascent reported Q1 2026 net sales of $19.4 million, representing near double-digit growth year-over-year and a 3.5% sequential increase. CEO J. Kitchen attributed the growth to conversion of projects won in 2025, rather than broader market strength. The company converted 31 projects across 27 customers during the quarter, achieving a 22% conversion rate with an average 3.5-month sales cycle. These committed programmes generated approximately $7.6 million in annualised revenue and are already in production. Pipeline grew 34% compared to end-2025, with 58% of wins from product sales and 42% from custom manufacturing. March marked the strongest monthly sales performance since March 2023. Gross margin declined approximately 270 basis points year-over-year, which Kitchen characterised as temporary rather than structural, maintaining the company's underlying earnings capacity remains intact.

Business Wire
Sep 18th, 2025
Acuity Knowledge Partners Acquires Ascent

Acuity Knowledge Partners, a leading provider of customized research and data solutions for the financial services sector, has announced its acquisition of Ascent. The transaction is expected to close on September 30, 2025. This strategic move aims to significantly expand Acuity's Data and Technology Services (DTS) practice and enhance its service offerings.

Data Center Knowledge
Nov 11th, 2024
Data Center Boom Sparks Acquisitions, Surging Revenue for System, Service Providers

Wesco International announced plans to acquire data center facilities management service provider Ascent for $185 million, noting that the deal will enable it to provide engineering expertise and professional services spanning the entire lifecycle of data centers.

The Business Journals
Jul 8th, 2024
Denver apartment complex sells for $23.3 million

Two LLCs associated with San Francisco-based real estate investment firm Jackson Square Properties and San Francisco property management company Sansome Pacific Properties Inc. purchased Ascent at Lowry, 425 S. Galena Way, on June 13, records show.

Business Wire
Feb 9th, 2024
Ascent Technologies Acquires Horizon Scanning Solution Provider, Waymark

Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, today announced it has acquire

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