Greenboard, a platform using AI to automate financial compliance, has raised $15.5 million in a Series A round led by Base10 Partners. Y Combinator, General Catalyst, Commerce Ventures, Transpose Platform and Liquid2 Ventures also participated. The funding follows a $4.5 million seed round in 2024. More than 500 financial institutions use Greenboard's platform, which includes Greenboard Go, a conversational compliance tool. Co-founder and CEO Dave Feldman said 88% of customers eliminate multiple legacy compliance solutions after switching to Greenboard. Founded by Feldman and Ed Schembor, who met at Johns Hopkins, the company went through Y Combinator's winter 2024 cohort. Greenboard uses an "expert in the loop" approach, where AI handles routine tasks whilst human experts oversee outputs to maintain trust in the highly regulated compliance space.

Greenboard raises $20M to make everyone a compliance champion. Dave Feldman Cofounder & CEO New funding and the launch of GreenboardGo mark the next phase of compliance operations, where employees can access policy-grounded guidance instantly while compliance teams remain fully in control. Read the full press release. Today Greenboard, Inc. is announcing $20 million in total funding for Greenboard, including a previously unannounced $15.5 million Series A led by Base10 Partners. Y Combinator, General Catalyst, Commerce Ventures, Transpose Platform, Liquid2 Ventures, Kulveer Taggar, and strategic industry investors also participated. Alongside the funding, Greenboard, Inc. is launching GreenboardGo, a conversational AI-native layer built on top of a firm's compliance books and records. GreenboardGo answers employee compliance questions instantly with policy-grounded answers, routes decisions to the right compliance owner when judgment is needed, and prepares compliance tasks automatically for human review and sign-off. In the video above, its co-founders Dave Feldman and Ed Schembor discuss why compliance has to move from storing information to acting on it, and what that shift means for the financial firms running on Greenboard today. "For years, compliance work has lived in email threads, spreadsheets, and manual follow-ups. GreenboardGo changes that. Now every employee at a financial institution can access compliance at the speed of best-in-class AI. Our goal is to make everyone in finance a compliance champion, not just the people sitting in the compliance department." - Dave Feldman, Co-founder & CEO, Greenboard Compliance teams are being asked to do more with systems built for another era. The pressure on compliance teams is measurable. Between 2016 and 2023, employee hours dedicated to regulatory compliance at U.S. financial institutions increased 61%, while headcount grew only 20%. Nearly 90% of Chief Compliance Officers report broader responsibilities than they had three years ago. Yet much of the infrastructure behind compliance still depends on fragmented workflows and reactive systems. A CCO preparing for an exam may still pull reports manually from multiple platforms, while compliance teams chase attestations through email and answer routine policy questions that rely on institutional knowledge held by a small number of people. Meanwhile, regulators are shifting from "show me your policies" to "show me how your people follow them," a change that exposes where current compliance infrastructure falls short. From systems of record to systems of action. Most legacy compliance platforms were designed to store activity after the fact. They archive communications, record approvals, retain documents, and track historical events. Those functions remain important, particularly in regulated industries like financial services. But modern compliance programs also need systems that help employees make decisions in the moment. That's the foundation behind GreenboardGo. Because Greenboard already holds a firm's policies, workflows, communications, and supervision infrastructure, GreenboardGo can do something generic AI tools cannot. It can take action grounded in the firm's actual compliance program, not generic regulatory guidance. Any employee can ask a compliance question and get an answer grounded in their firm's policies in seconds without escalating every question to the compliance team. When a question isn't clear-cut, GreenboardGo routes it to the right compliance owner and captures the decision automatically. The compliance team reviews, edits, and approves before anything is finalized. Expert-in-the-loop is the architecture, not a feature. AI inside financial services raises an immediate question: who remains accountable for the final decision? Its answer is unchanged. Compliance professionals are. "Expert-in-the-loop isn't a feature. It's the architecture, pairing human precision with AI recall. The AI prepares reports, answers questions, and routes decisions, but nothing is finalized without a compliance professional reviewing and approving it. That's how you get both efficiency and control in a regulated industry." - Ed Schembor, Co-founder & CTO, Greenboard The goal isn't to remove human judgment from compliance workflows. The goal is to reduce operational friction so compliance professionals can apply their expertise where it matters most. Why customers and investors are betting on this shift. Greenboard, Inc. has seen this play out at firms like Root Financial, one of the fastest-growing registered investment advisors in the U.S., and at JMG Financial Group, where compliance leadership describes what changes when employees can self-serve policy questions: "I've stood up a lot of technology in my career. I've done a lot of process changes, policy changes, and technology changes. And the thing I've heard the most positive feedback about is Greenboard. Employees absolutely love it." - Adam Boyer, COO & CCO, JMG Financial Group Base10 Partners saw the same operational shift: "We look for companies that automate real operational work, not just surface information. Greenboard fits that exactly, taking workflows that used to require constant coordination and turning them into structured, repeatable processes with clear ownership and auditability." - Rexhi Dollaku, General Partner, Base10 Partners The foundation makes GreenboardGo possible. GreenboardGo works because it sits on top of a unified compliance operating system already running at more than 500 financial institutions, with over 99% customer retention. The platform includes 17a-4 compliant communications archiving with AI-native supervision, fully configurable employee compliance, marketing compliance automation, and firm compliance workflows built for collaboration and end-to-end diligence inside a single system. That unified foundation matters. Most firms today still manage compliance across disconnected tools that were never designed to work together. Policies live in one system. Communications supervision happens in another. Attestations and employee disclosures happen somewhere else entirely. When systems are fragmented, operational context becomes fragmented too. A unified platform lets compliance decisions, documentation, supervision, and employee workflows operate from the same source of truth. That's the structure AI-native workflows need to function in a controlled and auditable way. What Greenboard, Inc.'ll do with the funding. Greenboard, Inc.'ll use the new capital to accelerate GreenboardGo rollout, expand product development across supervision and workflow automation, and support the growing number of financial institutions consolidating compliance operations onto a single platform. For its 500+ customer firms, this means faster access to GreenboardGo capabilities and continued investment across every part of the platform they already rely on. The next phase of compliance operations. Greenboard was founded on the belief that compliance technology should do more than preserve records. It should help firms operationalize policies consistently across the organization, reduce unnecessary bottlenecks, and make it easier for employees to do the right thing in real time. As regulators continue shifting from "show me your policies" to "show me how your people follow them," compliance infrastructure has to become more operational, more connected, and more accessible to employees outside the compliance department itself. The firms adapting fastest are treating compliance less like a centralized bottleneck and more like a shared operational capability across the organization. That's the shift GreenboardGo is built to enable. Compliance is no longer just a system of record. It's becoming a system of action. Media inquiries: [email protected]

GRC news roundup: Workiva, Smarsh, TrustCloud, Kroll & more. GRC technology is one of the fastest-growing segments in enterprise software. Here's the latest from brands across the industry. New products & platforms. If there's a theme in recent GRC product news, it's agentic AI - vendors are racing to move beyond copilots and chatbots toward systems that can act, investigate and remediate with minimal human intervention. Recent announcements reflect that shift across cybersecurity, communications compliance and risk management. * TrustCloud launched a security assurance platform designed to integrate governance, risk and compliance with cybersecurity operations for enterprise CISOs. * Workiva introduced AI-powered capabilities across its GRC platform spanning controls management, audit management and risk management. * Smarsh unveiled a suite of AI agents for legal discovery and communications surveillance, including a discovery agent and an intelligent agent for compliance monitoring. * Relyance AI released Lyo, an autonomous data security tool that monitors how AI agents interact with enterprise data in real time. * Living Security launched an AI-native human risk management platform powered by Livvy, an AI risk intelligence engine. * Keysight Technologies introduced a software bill of materials manager, a platform for generating and managing SBOMs to support compliance with regulations, including the EU Cyber Resilience Act. Partnerships. Across financial crime compliance and identity verification, vendors are increasingly combining capabilities. * Sumsub and ComplyAdvantage announced an integration embedding ComplyAdvantage's Mesh intelligence layer into Sumsub's AML screening platform for KYC, KYB and transaction monitoring workflows. * Socure and Checkr Trust announced a partnership combining Socure's identity verification with Checkr Trust's criminal background data network within Socure's RiskOS platform. * Kroll and Greenboard announced a partnership pairing Kroll's compliance advisory services with Greenboard's AI-native platform for financial services firms.