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About Relyance AI
Industries
Enterprise Software
Cybersecurity
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$62M
Headquarters
Mountain View, California
Founded
2020
Overview
Relyance AI specializes in data protection and privacy compliance by using machine learning to create a real-time inventory and map of personal data flows within organizations. This involves tracking data across code bases, applications, infrastructure, and third-party vendors, which helps businesses understand where personal data is located and how it moves. The company primarily serves clients in regulated industries, such as tech, finance, healthcare, and e-commerce, who handle large volumes of personal data. Relyance AI offers a software-as-a-service (SaaS) platform that provides a compliance management dashboard for real-time monitoring, alerts, and insights, allowing organizations to ensure they meet privacy requirements. The company differentiates itself through the automation and accuracy of its data tracking, which reduces manual workflows and compliance risks. Relyance AI's goal is to help organizations maintain user trust and comply with regulatory requirements.
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Simplify's Take
What believers are saying
- Relyance AI raised $32 million in Series B funding in October 2023.
- The Data Journeys platform enhances visibility and trust in AI data processing.
- Relyance AI's SaaS model ensures continuous compliance for large data handlers.
What critics are saying
- Emerging AI regulations may require rapid platform adaptations.
- Complex data flows could challenge comprehensive governance capabilities.
- The competitive landscape in AI governance is intensifying.
What makes Relyance AI unique
- Relyance AI uses machine learning for real-time data flow mapping.
- The platform offers AI-native, context-aware views of data journeys.
- Relyance AI integrates data governance with privacy compliance seamlessly.
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Funding
Total Funding
$62M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↓ -6%2 year growth
↓ -3%Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Relyance AI, a data governance platform provider that secured $32.1 million in Series B funding last October, is launching a new solution aimed at solving one of the most pressing challenges in enterprise AI adoption: understanding exactly how data moves through complex systems.The company’s new Data Journeys platform, announced today, addresses a critical blind spot for organizations implementing AI — tracking not just where data resides, but how and why it’s being used across applications, cloud services, and third-party systems.“The fundamental premise is making sure that our customers have this AI native, context-aware view, very visual view of the entire journey of data across their applications, services, infrastructures, third parties,” said Abhi Sharma, CEO and co-founder of Relyance AI, in an exclusive interview with VentureBeat. “You can really get at the heart of the why of data processing, which is the most foundational layer needed for general AI governance.”The launch comes at a pivotal moment for enterprise AI governance. As companies accelerate AI implementation, they face mounting pressure from regulators worldwide. More than a quarter of Fortune 500 companies have identified AI regulation as a risk in SEC filings, and GDPR-related fines reached €1.2 billion in 2024 alone (approximately $1.26 billion at current exchange rates).How Data Journeys tracks information flow where others fall shortThe platform represents a significant evolution from conventional data lineage approaches, which typically track data movement on a table-to-table or column-to-column basis within specific systems.“The status quo for data lineage is basically table to table and column level lineage
Relyance AI today announced Relyance AI Data Journeys (Data Journeys), a product that enables AI innovation while introducing the new standard for trust and governance in a world where data is perpetually in motion.
Relyance AI has raised $32 million in Series B funding, led by Thomvest Ventures, with participation from M12, Microsoft's venture arm, Cheyenne Ventures, and existing investors like Unusual Ventures and Menlo Ventures.
Today, I am thrilled to announce our Series B funding, led by Thomvest Ventures and supported by M12, Microsoft Ventures Fund, Cheyenne Ventures, and our existing investors, Unusual and Menlo Ventures.
Relyance AI raises $32 million series B funding to safeguard AI innovation in the enterprise.
Relyance AI is Hiring for 13 Jobs on Simplify!
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About Relyance AI
Industries
Enterprise Software
Cybersecurity
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$62M
Headquarters
Mountain View, California
Founded
2020
Relyance AI is Hiring for 13 Jobs on Simplify!
Find jobs on Simplify and start your career today