4CRisk.ai Raises $8M in Series A Funding







4CRisk.ai, a Redwood City, CA-based provider of advanced AI solutions for risk and compliance functions, raised $8m in Series A funding.

The round was led by Cloud Apps Capital Partners and joined by Touchdown Ventures as a syndicate partner.

The company plans to use the capital for global expansion and hiring.

4CRisk.ai, led by Venky Yaerrapotu and Supra Apikonda, provides advanced AI solutions that assist organizations in identifying, managing and assessing the impacts of regulatory obligations. They also help to strengthen the internal control system around an ever-evolving regulatory and business risk environment. The company’s AI-powered Data Intelligence Platform is now being used to emulate human intelligence and augment regulatory, risk, and compliance professionals to automate time-consuming risk and compliance processes. The compliance mapping solution connects regulatory requirements to the internal environment and allows compliance officers to continually assess the effectiveness and design of the environment.

FinSMEs

22/06/2022






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