RegScale, a new compliance automation platform, was formally launched to the market after spinning out from C2 Labs, a digital services provider. As part of its launch, RegScale also announced that it had secured an early funding round of $1.5 million with participation from Virginia Innovation Partnership Corp.(formerly CIT), New Dominion Angels and several strategic investors.
RegScale’s platform was designed to help organizations in heavily regulated industries manage massive year-over-year growth in their compliance burden. As fines against regulated companies have increased, RegScale’s continuous compliance automation solution is expected to help firms shift from manual compliance to automated, API-driven approaches.
Since the RegScale platform was launched in early 2021 (under the brand Atlasity), the company has seen more than 5,000 downloads of its freemium community edition and has signed on five major customers for its enterprise edition platform, RegScale said in a news release. Early customers include the
U.S. Air Force, U.S. Department of Homeland Security, a Fortune 500 financial services company and Johnson Controls Federal Systems, which is using RegScale to manage compliance to the Department of Defense’s Cybersecurity Maturity Model Certification (CMMC) standard.
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