Automated compliance technology company continues momentum from Series A to further innovate their platform
Azimuth GRC, a compliance automation pioneer, announced a strategic investment from Truist Ventures, the corporate venture capital division of Truist Financial Corporation. The investment will be utilized to build and innovate the revolutionary regulatory compliance Azimuth GRC platform by growing the team, product suite and go-to-market efforts.
“Truist Ventures is continuing to accelerate Azimuth GRC’s momentum following our Series A raise,” said Rohin Tagra, founder and CEO of Azimuth GRC. “With this strategic investment, Azimuth GRC and Truist will work together to continue building a solution that will shape the future of the industry.”
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Azimuth GRC provides compliance testing automation capabilities that improve accuracy, efficiency and cost savings and help reduce regulatory risk.
“This is an exciting opportunity as Azimuth GRC is taking a significant leap into the future of regulatory compliance,” said Vanessa Vreeland, head of Truist Ventures. “Azimuth’s technology enables automation of a historically paper-based system, driving efficiency while creating a more equitable experience for clients.”
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This announcement comes on the heels of Azimuth GRC’s Series A funding round led by Mosaik Partners. Together, these funds will fuel internal and external growth for the company. Azimuth GRC also recently announced the addition of seasoned financial executive, Joe Proto, to its board of directors as well as Shannon Warren to its advisory board.
About Azimuth GRC
Azimuth GRC revolutionizes the world of regulatory compliance by being the first and only company to codify every state and federal law on one platform, changing the culture of compliance by taking manual compliance work done on paper spreadsheets and automating it.
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