Agiliance raises $10M for corporate risk and compliance control
Agiliance, a San Jose, Calif. startup that offers IT tools to help companies comply with regulations and manage their risk, has raised a $10 million round of funding.
In today’s complex regulatory environments, many companies are looking past finance officers and accountants to software that can help out. The growing space is known as IT governance, risk and compliance (GRC).
We’ve recently reported other fundings for related companies: Mimosa, an electronic archiving startup, raised $17 million and is looking to have an IPO, and Vantos, which makes software for auditing and internal investigation, raised $10.6 million.
The $10 million that Agiliance took was led by new investor Castile Ventures, with participation from Intel Capital, Walden International and Red Rock Ventures.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.