Compyl, a unified Governance, Risk and Compliance (GRC) platform that turns complexity into data-driven insights and AI-guided action, announced that it has closed $12 million in Series A financing. The funding round was led by Venture Guides, an early-stage infrastructure software venture capital firm, with participation from existing investors Contour Venture Partners, Armory Square Ventures, nvp capital, Alpine Meridian Ventures, Brooklyn Bridge Ventures, and Zelkova Ventures.
Problem being addressed: Many security professionals report that their teams are understaffed, and many of them cite time commitment as the primary challenge in conducting annual cyber risk assessments. Compyl sets a new standard for GRC by uncovering the hidden risks and gaps lurking in disconnected data, delivering real-time contextual insights, automating security benchmark checks, and continuously monitoring risk and compliance to automate its customers’ GRC initiatives and shift to a proactive, strategic approach to GRC while reducing time and cost.
Unlike many GRC solutions that are either rigid and inflexible or require costly development resources, Compyl’s modular architecture is flexible and agile, offering configurable workflows and real-time dashboards without the need for custom IT development or manual workarounds. And Compyl helps customers achieve value quickly and enables organizations to adapt rapidly as their needs evolve and GRC programs mature.
Compyl enables GRC teams to maintain compliance, address critical vulnerabilities, and stay ahead of cyber threats, providing GRC and security teams with the actionable, real-time, and automated insights they need, while reducing manual effort and delivering more peace of mind.
Momentum: Founded in 2020 and led by seasoned global security experts and former Chief Information Security Officers (CISOs), Compyl has experienced rapid expansion, doubling its customer base in each of the last two years and achieving triple-digit year-over-year ARR growth. The new funding will further accelerate Compyl’s go-to-market initiatives, expand its team across key departments, and further enhance the platform’s AI-supported GRC innovation.
How the funding will be used: This funding immediately addresses the growing demand for Compyl’s unified solution that captures and contextualizes customer data in real-time to proactively manage risk, streamline workflows, and maintain continuous compliance.
New board member: Venture Guides Partner, Anton Simunovic, will join Compyl’s board of directors. Other investors on the board include Contour Venture Partners and Armory Square Ventures.
KEY QUOTES:
“Compyl’s approach reflects the future of Digital Risk & Digital Resilience—unifying enterprise data, automating best practices, and delivering early, contextual insights. It enables organizations to move beyond rigid, reactive processes and deliver more agile and efficient Digital Trust programs.”
Michael Rasmussen, GRC Analyst & Pundit, GRC 20/20 Research
“With a career spanning the security and risk space, I’ve had the opportunity to work with a wide variety of GRC tools. I am an early adopter of the Compyl platform because I recognize how truly unique its offering is.”
John Rostern, VP of Cybersecurity, CBIZ
“Mid-market enterprises grapple with rising regulations, auditor scrutiny, data growth, cross-functional coordination, and expanding vendor networks—all escalating compliance and security risks. Customers love how Compyl uniquely ingests and correlates all relevant data, automating workflows to save time and proactively mitigate risks. We’re excited to support Compyl’s growth.”
Anton Simunovic of Venture Guides
