Overview

Diligent provides governance, risk, and compliance (GRC) solutions through a software-as-a-service (SaaS) model. Their platform helps organizations manage board activities, ensuring operations are clear, simple, and secure. Clients, including large enterprises, government entities, and non-profits, use Diligent's tools to streamline board management, comply with regulations, and support environmental, social, and governance (ESG) commitments. Diligent operates on a subscription basis, allowing clients to access a suite of software tools for a recurring fee, with options for premium features. The company stands out in a competitive market by emphasizing data security, user privacy, and a user-friendly interface, enabling leaders to make informed decisions and mitigate risks. Diligent's goal is to assist organizations in navigating regulatory challenges and achieving their strategic objectives.

Simplify's Take

What believers are saying

• Growing demand for GRC solutions boosts Diligent's market potential.
• Expansion into Latin America taps into emerging digital transformation markets.
• Partnerships enhance service offerings and expand market reach.

What critics are saying

• Data breaches could undermine client trust and attract regulatory scrutiny.
• AI and Google Drive integration may introduce new cybersecurity vulnerabilities.
• Expansion into Latin America may expose Diligent to regional instability.

What makes Diligent Corporation unique

• Diligent serves 62% of the Fortune 500, showcasing its market dominance.
• The company integrates S&P Global data for enhanced market insights.
• Diligent's platform offers AI-driven analytics for predictive insights.

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Funding

Total Funding

$21.6M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:

Accel

Notable Investors:

Accel

$22,000,000

Series B

Oct 2004

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

Ind Avg. $35M

$4M

$22M

$30M

$45M

$65M

$100M

View all funding stages