Relyance AI Raises $32M in Series B Funding to Scale Data Governance Platform
Relyance AI is used by companies across various industries and sizes, including Coinbase, Fivetran, Verkada, Snowflake, Logitech, Plaid, and Notion, to ensure proper data governance and privacy compliance.
Company Name: Relyance AI
Location: San Francisco, CA
Sector: AI, Data Governance
Funding Details: Raised $32M in Series B funding led by Thomvest Ventures, with participation from M12, Microsoft Ventures Fund, Cheyenne Ventures, and existing investors Menlo Ventures and Unusual Ventures.
Purpose of Investment: The company plans to use the funds to scale operations.
Product and Innovation: Relyance AI provides an AI-powered data governance platform that offers organizations real-time visibility and control over how and where their data is being used. The platform ensures data handling aligns with customer agreements, global privacy regulations, and compliance frameworks. By giving enterprises comprehensive insights into data usage, Relyance AI helps safeguard businesses from fines, reputational damage, and compliance issues while improving customer experiences.
About the Company: Relyance AI is used by companies across various industries and sizes, including Coinbase, Fivetran, Verkada, Snowflake, Logitech, Plaid, and Notion, to ensure proper data governance and privacy compliance.