Compyl Raises $12M to Expand AI-Powered GRC Platform
Deal News | Jun 08, 2025 | Newark Venture Accelerator LLC
Compyl, a New York-based provider of a governance, risk, and compliance (GRC) platform, has secured $12 million in Series A funding, led by Venture Guides with participation from other investors such as Contour Venture Partners and Armory Square Ventures. The funding will be utilized to accelerate market initiatives, team expansion, and enhancements to its AI-powered platform. Venture Guides' partner, Anton Simunovic, will join Compyl's board. In response to the increasing needs for automated compliance due to cybersecurity understaffing, Compyl aims to streamline risk assessments and automate audit workflows through its platform. Offering real-time risk detection and AI-guided tools, Compyl sets itself apart with no-code customization and a transparent pricing model. The GRC market is expected to grow significantly, and Compyl has plans to expand into new regions and industries. Founded in 2020, Compyl has seen substantial growth and plans to introduce new AI features and regional expansions by 2026.
Sectors
- Financial Technology
- Cybersecurity
Geography
- United States – Compyl is based in New York, and the Series A funding round involves various U.S.-based investors.
- Asia-Pacific – Compyl plans to expand its operations to the Asia-Pacific region by 2026.
Industry
- Financial Technology – Compyl provides a governance, risk, and compliance platform, a component of financial technology focusing on regulation and compliance of financial services.
- Cybersecurity – The article addresses the increasing demand for cybersecurity and compliance tools due to understaffed teams and time-intensive risk assessments.
Financials
- $12 million – Series A funding raised by Compyl.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Compyl | Target | Company | A New York-based provider of a unified governance, risk, and compliance platform. |
| Venture Guides | Lead Investor | Company | Lead the Series A funding round for Compyl. |
| Contour Venture Partners | Investor | Company | Participated as an existing investor in the Series A funding round. |
| Armory Square Ventures | Investor | Company | Contributed to the Series A funding as an existing investor. |
| Anton Simunovic | Board Member | Person | Partner at Venture Guides, joining Compyl's board post-investment. |