Relyance AI has secured $32.1 million in Series B funding to expand operations and address the growing usage of artificial intelligence in enterprises, providing a platform for data governance that ensures compliance with global regulations, addresses privacy concerns, and enables innovation. The funding, led by Thomvest Ventures, with participation from M12, Microsoft Ventures Fund, Cheyenne Ventures, Menlo Ventures, and Unusual Ventures, allows Relyance AI to assist businesses in managing data processing activities, meeting legal requirements, and enhancing customer trust
By integrating privacy and security solutions into a single system, Relyance AI offers real-time visibility into data usage, aiding companies like Coinbase, Fivetran, Verkada, Snowflake, Logitech, Plaid, and Notion in safeguarding their businesses, accelerating growth, and ensuring compliance with privacy laws. ```https://www.darkreading.com/application-security/relyance-ai-raises-32m-series-b-funding-to-safeguard-ai-innovation-in-the-enterprise