RegScale spun off from C2 Labs and was formed under the brand Atlasity in 2021. RegScale provides continuous compliance automation solutions for highly regulated industries—government, financial institutions, and energy and utilities. The company’s automated drag and drop workflow and wizards apply the RegOps (Regulatory Operations) approach that enables customers to create compliance artifacts quickly. RegScale integrates with existing security and compliance workflows to provide both manual and real-time automated assessments for compliance risk management. The company uses an automated API-centric approach to enable customers to use the same assessment information to comply with over 70 compliance regulations including the GDPR, CCPA, and NIST. RegScale has also built an open-source community for third-party collaborators to publish integrations with its platform for free to allow customers to support the RegOps approach.
RegScale launched the “RegOps” (Regulatory Operations) movement which accelerates compliance for heavily regulated organizations.
Key customers and partnerships
The company secured over a dozen major customers for its Enterprise Edition platform, as of August 2022. Notable customers include the US Air Force, US Department of Homeland Security, a Fortune 500 financial services company, and Johnson Controls Federal Systems. The company also claimed that its customers save up to USD 500,000 per year on cyber insurance premiums.
Funding and financials
In August 2022, the company raised USD 20 million in a Series A funding round led by SYN Ventures. The funds were utilized to accelerate product development and expand operational support to meet customer demand and drive sales and marketing strategies in three highly-regulated primary markets–government, financial institutions, energy and utilities.
RegScale achieved triple digit revenue growth with almost 8,000 downloads of its freemium Community Edition platform, as of August 2022.
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