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NAVEX

GRC software platform for risk management

Overview

NAVEX Global acquired LockPath, and its Keylight SaaS helps organizations manage governance, risk, and compliance (GRC) and integrated risk management (IRM) across policies, risk assessments, vendor risk, incident response, audit management, and business continuity. Keylight is modular and cloud-based (with on-premises or hybrid options) and built on a patented Dynamic Content Framework that lets users configure without code, while it aggregates data from many internal and external sources for a centralized view. Unlike some competitors, it combines multiple GRC domains in one platform and emphasizes no-code configuration and data aggregation to support holistic risk decisions. Its goal is to provide an integrated GRC and IRM solution that helps organizations meet regulatory requirements, achieve audit readiness, and improve risk-based decision making.

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About NAVEX

Simplify's Rating
Why NAVEX is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareCybersecurity

Company Size

1-10

Company Stage

Series B

Total Funding

$8M

Headquarters

Overland Park, Kansas

Founded

2010

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Simplify's Take

What believers are saying

  • Nira for Analytics launched July 2026, reducing manual reporting for compliance teams.
  • September 2026 product releases added AI-assisted intake and investigations across NAVEX One.
  • Goldman Sachs Alternatives' October 2025 ownership supports continued product investment and expansion.

What critics are saying

  • OneTrust's September 2026 AI control plane targets NAVEX's governance and AI workflow wedge.
  • Diligent's April 2026 agentic GRC launch intensifies competition across compliance and investigations.
  • If Nira underdelivers, NAVEX becomes a feature vendor against faster AI-native rivals.

What makes NAVEX unique

  • NAVEX One bundles whistleblowing, policy, investigations, and vendor risk in one workflow.
  • Nira, launched July 7, 2026, embeds agentic AI inside compliance-specific workflows.
  • NAVEX serves 13,000+ customers, including 77% of Fortune 100 companies.

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Funding

Total Funding

$8M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:
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

Benefits

  • Professional Development Budget
  • Wellness Program
  • Flexible Work Hours
  • Performance Bonus

Company News

Associated Press
Jul 7th, 2026
NAVEX launches Nira, an agentic AI assistant for risk and compliance management

NAVEX has launched Nira, an agentic AI system integrated into its NAVEX One compliance platform. The NAVEX Intelligent Response Agent is designed specifically for risk and compliance work, combining the company's domain knowledge and industry data to help organisations identify emerging risks and make faster decisions. Nira for Analytics is the initial release, giving compliance teams visibility into performance data, risk signals and trends. The system aims to reduce manual work whilst preserving human judgement for sensitive compliance matters. NAVEX serves 13,000 organisations globally, including 75% of Fortune 100 and 500 companies. The company is positioning Nira as part of a broader strategy to transform its platform into an AI-powered compliance system, with plans to expand capabilities across analytics, reporting and investigations workflows.

BlackSeaGrain.net
Jan 21st, 2022
LockPath, Inc. launched Keylight 4.7 on Jul 1st 17'.

In July 2017, LockPath released Keylight 4.7, an upgraded version of its Keylight platform suite.

Business Wire
Sep 16th, 2021
LockPath, Inc. recognized as IT Risk Management Magic Quadrant on Jan 1st 15'.

The company’s integrated risk management solution, Lockpath, has been named in every IT Risk Management Magic Quadrant since the report’s inception in 2015.

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