# Alyne

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alyne

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.alyne.com
- Total disclosed funding: $3.4M
- Latest round: Series A (Nov 13, 2018)
- Investors on record: 2

## About

Alyne GmbH develops an integrated governance, risk, and compliance (GRC) platform, utilizing cloud-based and AI-driven technology to help organizations manage risks effectively and enhance compliance processes.Founded in 2015 in Munich, Germany, Alyne GmbH specializes in governance, risk, and compliance solutions. The company was acquired in September 2021 by Mitratech Holdings, Inc., enabling it to leverage enhanced resources for managing legal and compliance risks. The founder, Karl Viertel, has experience in leading technology innovations.Alyne offers a comprehensive GRC platform that employs cloud and AI technology for continuous risk management. Its core functionalities include dynamic dashboards, ready-to-go templates, and real-time integrations with third-party data providers like Black Kite and SecurityScorecard. The platform caters to a diverse clientele, including CISOs and risk professionals across North America, Europe, and Asia-Pacific, providing tailored solutions to meet their risk and compliance needs.Alyne utilizes a subscription-based revenue model, allowing clients to access its GRC platform through customized pricing plans. Engagements typically involve annual contracts with various service tiers based on organizational requirements. Revenue is primarily generated from subscriptions to the Alyne governance platform, offering features such as risk assessment tools and analytics-driven insights, fostering ongoing client relationships through continuous updates and support.Following its acquisition in September 2021, Alyne aims to enhance its platform capabilities by integrating actionable artificial intelligence to minimize the complexities and costs of managing compliance risks. The company plans to expand into new markets and geographic regions, leveraging the resources from its acquisition to speed up implementation and measure risk impacts effectively. The funding from the Series A round, amounting to EUR 3.000 mn, will be utilized to support these growth initiatives.

## Funding rounds

- Series A, Nov 13, 2018, $3.4M — Alternative Strategic Investments, Hannover Digital Investments GmbH

## Investors

- Alternative Strategic Investments (https://capitalatlas.ai/funds/alternative-strategic-investments) — Series A
- Hannover Digital Investments GmbH — Series A