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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 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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Total Funding
$62M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Remote Work Options
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.
SAN FRANCISCO-(BUSINESS WIRE)-Today at RSA Conference, Relyance AI announced the release of Asset Intelligence and Data Security Posture Management, the first DSPM solution to bring together complete asset-level visibility and lineage to all sensitive enterprise data in the context of contractual and regulatory obligations.
SAN FRANCISCO--(BUSINESS WIRE)--Today at RSA Conference, Relyance AI announced the release of Asset Intelligence and Data Security Posture Management, the first DSPM solution to bring together complete asset-level visibility and lineage to all sensitive enterprise data in the context of contractual and regulatory obligations. Security and privacy leaders can now see where all data is stored at a fine-grain level, why it is stored there, who has access to it, and what risks exist with how it is being processed, bringing unprecedented clarity and control over a company's most precious asset - their customer data.The risk of regulatory fines, loss of reputation, and lawsuits from mishandling data or worse, data breaches, is skyrocketing. According to DLA Piper, fines from GDPR and other regulatory agencies topped $1.7B in 2023. The problem for data security, privacy, and governance teams today is they often work with silos of information and are buried in alerts. They lack contextual understanding of the granular commitments the organization has made to their customers and partners. And they often don't know until it's too late where they are exposed in case of a breach or if data is used for training purposes when it should not be
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Industries
Enterprise Software
Cybersecurity
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$62M
Headquarters
Mountain View, California
Founded
2020
Find jobs on Simplify and start your career today