Relyance AI offers a platform that connects to enterprise code repositories, infrastructure tools, and vendor APIs to map data flows and privacy compliance risks before an application goes into production. The platform also enables automatic record-keeping for data processing to enhance compliance with privacy regulations. Relyance launched the beta version of its platform in February 2021, with sales having commenced a month after. The company’s customer base included companies such as Dialpad, Patreon, Samsara, and True, and as of September 2021, the company employed 32 staff.
In September 2021, the company emerged from stealth with a Series A fundraise of USD 25 million, led by Menlo Ventures and Unusual Ventures. The company expects to use the funding to grow its engineering and sales teams and fast-track its go-to-market. Relyance AI aims to triple its headcount in the 12-18 months following the funding round.
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