Graceview: GenAI-Based Compliance Company Raises $1.5 Million

By Amit Chowdhry • Aug 6, 2024

Graceview announced it completed a funding round totaling $1.5 million. And with leading global corporations already among its growing client base, this funding will accelerate the commercial rollout of Graceview’s platform to fuel growth.

The funding round was led by Singapore-based entrepreneur Patrick Linton, who brought together a consortium of tech founders and investors. And Graceview utilizes AI/ML, legal knowledge integrations, and data analytics to deliver real-time insights on compliance threats and opportunities. And the platform combines the speed and efficiency of generative AI with senior lawyer oversight to streamline regulatory compliance, and to maintain an environment of continuous compliance.

Graceview is currently based in Melbourne, London and Singapore.

KEY QUOTES:

“We are incredibly pleased to have investors who are business people and technology founders backing our vision for the future of compliance. The scale of the compliance problem for large corporates is rapidly increasing and existing solutions are difficult and expensive. By combining generative AI with senior lawyer oversight, we have shown that it’s now possible to continuously and cost-effectively manage regulatory change and deliver on our vision of making the whole process effortless. We are excited to work with our investors and utilise this investment to build on our revenue growth and to scale our product and operations, with an immediate focus on Asia-Pacific and UK/European markets.”

– Simon Quirk, Co-Founder & CEO of Graceview

“We are thrilled to partner with Graceview at this pivotal moment and recognise the transformative potential their platform offers corporates to easily remain compliant. The integration of leading-edge AI technology with senior legal expertise sets a new standard in regulatory compliance, ensuring both agility and precision. We are committed to supporting Graceview as they expand their reach across global markets.”

– Patrick Linton, who will be joining Graceview’s Board of Directors