Goldman Sachs Asset Management has backed ComplyAdvantage in an extension to its Series C funding round.
"The company brings clear value to its clients and has grown at an impressive rate. We are excited to support the business as it continues to scale rapidly and help companies of all stages manage these critical risks."
AllegisCyber Capital led the financing round with participation from a roster of new and existing investors.
"The emergence of Continuous Controls Monitoring as a new cybersecurity category demonstrates a 'coming of age' for cybersecurity. Cyber is the existential threat to the global digital economy. All levels of the enterprise, from the CISO, to Chief Risk Officer, to the Board of Directors are demanding comprehensive visibility, transparency and hard metrics to assess cyber situational awareness. Panaseer has demonstrated itself as the leader in this critical new category and we are excited to be working with the team to further advance its leadership role in this essential market."
The seed follow-on round was co-led by 24Haymarket and Mercia to expand market reach.
"Our technology provided the perfect way to facilitate secure home-working for key organisations at a critical time using our ‘Gatekeeper for Office 365’ remote working solution. Since then, we have applied the same concepts and technology to protect numerous other applications for large organisations, from remote working solutions to securing cloud computing and handling highly sensitive information."
Blossom Capital led the Series A round to help accelerate the company growth across engineering and go-to-market functions.
"Over the past year, enterprises have compressed their cloud adoption timelines while protecting the applications that enable their remote workforces,"