Credit: TierneyMJ/Shutterstock.com RegTech Provider Compliance.ai Announces $6 Million Investment, New CEO
Compliance.ai announced former ThoughtTrace chief strategy officer Asif Alam as its new CEO, while its former CEO and co-founder takes on a new role.
August 02, 2022 at 12:23 PM
2 minute read
Today, RegTech provider Compliance.ai announced it has secured $6 million in funding from existing investor Cota Capital and new investor JAM FINTOP. The new investment comes two years after the company also secured $3 million from Cota Capital in a November 2020 Series A funding round.
In addition to the new capital infusion, Compliance.ai also announced it appointed Asif Alam as its new CEO, replacing former CEO and co-founder Kayvan Alikhani, who will now serve as the company's chief product/strategy officer. Before joining Compliance.ai, Alam was the chief strategy officer at AI document software provider ThoughtTrace, which was acquired by Thomson Reuters in May 2022.
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