Anitian raises $7m Series D funding to drive AI-powered compliance innovation

November 21, 2024

Anitian, a leading provider of compliance automation solutions, has closed a $7m Series D funding round, strengthening its position in the RegTech sector.

The funding round was led by Sageview Capital, with continued support from Forgepoint Capital. This latest investment brings Anitian’s total funding to over $50m and supports the company’s push to expand its cutting-edge AI-powered solutions for compliance.

The company specialises in developing compliance automation tools designed to simplify and accelerate the processes for achieving federal compliance standards, including FedRAMP and CMMC. Anitian’s innovative Platform-as-a-Service (PaaS) solution is tailored for Cloud Service Providers (CSPs) and organisations within the Defense Industrial Base (DIB), offering faster and more cost-effective compliance pathways.

With this funding, Anitian aims to accelerate the rollout of its next-generation PaaS solution and introduce new AI-driven automation features. These tools are expected to reduce manual compliance efforts, enhance efficiency, and unlock immediate revenue opportunities in the federal marketplace.

The company also announced a significant leadership change, appointing Chris Finan as its new CEO. Finan, a seasoned leader in cybersecurity and cloud solutions, brings deep expertise from both the public and private sectors.

Commenting on his appointment, Finan said, “I am honored to lead Anitian at this pivotal time,” Chris added. “Our innovative solutions and strong team position us to revolutionize compliance automation, helping companies pursuing public sector business opportunities to meet the highest security standards while accelerating their time-to-revenue.”

Tom Kelly, Anitian’s outgoing CEO, will remain involved as a board member. Finan acknowledged Kelly’s contributions, stating, “Tom’s vision and leadership have been critical to our success. We are grateful for his impact and look forward to his continued support as we embark on this next chapter.”