Auxilius raises €1.3M pre-seed to automate enterprise compliance
Auxilius, a Germany-based startup developing AI-poweredgovernance, risk and compliance (GRC) automation software, has raised around€1. 3 million in a pre-seed funding round. The investment will be used to grow the engineering team and further develop Auxilius' Control Intelligence knowledge graph, linking risks, controls and business objectives to automate compliance processes.
Key Takeaways
- Software development Auxilius raises €1.
3M pre-seed to automate enterprise compliance The investment will be used to grow the engineering team and further develop Auxilius' Control Intelligence knowledge graph, linking risks, controls and business objectives to automate compliance processes.
- Founded by Christian Hoppe and James Barnes , Auxilius helps enterprises automate governance, risk and compliance processes.
The platform converts company policies, risk and control frameworks, and regulatory requirements into deterministic code that continuously assesses risk coverage and executes controls.
- We're building a new model for assurance: continuous, auditable, and aligned with the decisions C-level teams have to make under regulatory pressure.
The gap we close is between what's mission-critical for the business and what the underlying data can truly support with auditable evidence.
- The company says it is already working with its first paying enterprise customers, including European banks and industrial groups, where its platform is being used to expand control coverage while reducing manual effort.
- What would you like us to deliver to you?
Stats & Key Facts
- #3 million in a pre-seed funding round.
- #3 million in a pre-seed funding round.
The investment will be used to grow the engineering team and further develop Auxilius' Control Intelligence knowledge graph, linking risks, controls and business objectives to automate compliance processes. Software development Auxilius raises €1. 3M pre-seed to automate enterprise compliance The investment will be used to grow the engineering team and further develop Auxilius' Control Intelligence knowledge graph, linking risks, controls and business objectives to automate compliance processes.
Tamara Djurickovic 2 hours ago Share Share Send email Copy link Auxilius , a Germany-based startup developing AI-powered governance, risk and compliance (GRC) automation software, has raised around €1. 3 million in a pre-seed funding round. The investment was led by High-Tech Gründerfonds (HTGF) , with participation from Techstars and several industry-focused business angels.
Founded by Christian Hoppe and James Barnes , Auxilius helps enterprises automate governance, risk and compliance processes. The platform converts company policies, risk and control frameworks, and regulatory requirements into deterministic code that continuously assesses risk coverage and executes controls. The company aims to address the reliance on manual compliance processes, where organisations often collect evidence through spreadsheets, screenshots and sample-based audits.
For more details please read the original article at Tech.eu.
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