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Series B Round

For Relyance AI

$32.1M Dec 01, 2024
Funding Details

Relyance AI is a data governance platform that has launched Data Journeys, a platform designed to give enterprises deep, context-aware visibility into how data moves and is used across complex systems. This funding round aims to enhance their capabilities in data security posture management (DSPM) and expand their market reach. The investment will be utilized to further develop their technology and increase their presence in the data governance market. With this funding, Relyance AI expects to double its annual recurring revenue (ARR) in 2024. The funding will also support the development of innovative features that enhance data compliance and security for enterprises navigating complex regulatory landscapes. The round was led by Thomvest Ventures, with significant participation from M12, reflecting strong investor confidence in Relyance AI's vision and potential. The funding is expected to accelerate Relyance AI's growth trajectory and solidify its position as a leader in the data governance sector.

Confidence Score
Data extraction confidence: 90%
Participating Investors

No investors recorded for this funding round.

Related Tweets

No tweets found for this funding round.

Other Data Sources
1
Exa Round Data
Apr 25, 2025
Exa Enrichment History
1

Fields Updated
amount currency announced_date description stage
Enrichment Details
Amount
32.1
Currency
USD
Announced Date
2024-12-01T00:00:00
Description
A data governance platform that has launched Data Journeys, a platform designed to give enterprises deep, context-aware visibility into how data moves and is used across complex systems.
Stage
Series B
Enrichment History
  • {'updated_at': '2025-04-25T00:15:39.743675', 'fields_updated': {'amount': True, 'currency': True, 'announced_date': True, 'description': True, 'stage': True}, 'query_used': 'Relyance AI Series B funding round investment valuation', 'sources_count': 5}
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