RegGenome, a commercial spin-out from the University of Cambridge, has announced the completion of a $6 million seed funding round.
Regulation is critical to the global economy but keeping track of it all has become a major challenge - for both the regulated and the regulators.
RegGenome's vision is to transform the way the world consumes regulatory information. The company provides structured machine-readable regulatory content that is dynamic, granular, and interoperable-all powered by AI-based textual information extraction techniques. This enables regulatory authorities to share their regulatory information more effectively and empowers organisations to deepen their regulatory intelligence and digitise their compliance and risk management processes.
Robert Wardrop, Management Practice Professor of Finance at Cambridge Judge Business School and Executive Chairman of RegGenome, said: "We are thrilled to be working with a group of investors that share our view that the world is rapidly entering into a period of regulatory uncertainty, requiring interoperable content to power the next generation of regulatory applications for the digital economy."
Marcio Siqueira, Head of Physical Sciences, Cambridge Enterprise, said: "RegGenome is a superb example of how the University's transformational IP can be applied for global impact. The company is primed to deliver a quantum leap in the way regulatory content is shared and harnessed. Cambridge Enterprise has been an integral part of RegGenome from the outset, from enabling access to the required technology to investing in its funding. We look forward to seeing RegGenome's vision come to life."
The funding round is led by Evolution Equity Partners, with participation from AlbionVC, Cambridge Enterprise, and Mastercard.
Adapted from a news release by Cambridge Enterprise
Photo credit: Joshua Sortino on Unsplash
