# ComplianceMetrix

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

- Industry: Software
- Headquarters: San Diego, US
- Website: www.cmx1.com
- Total disclosed funding: $50M
- Latest round: Series A (May 26, 2021)
- Investors on record: 1

## About

Founded in 2009 and based in California, US, ComplianceMetrix, LLC, also known as CMX, develops an Enterprise Quality Management Software (EQMS) platform that manages compliance-focused programs and data across a single channel. The company was founded by CEO Mr. Mitch Porche. In May 2021, ComplianceMetrix, LLC received its latest and first series A funding led by Morgan Stanley Expansion Capital.

The company develops and operates an Enterprise Quality Management Software (EQMS) platform that helps in providing supply chain quality management solutions and implementing operational protocols. The platform automates the evaluation, approval, and onboarding of suppliers, distributors, and other partners. It also manages data-rich finished product & raw material specifications and deploys audit forms to assess risk and compliance at all levels of the supply chain. The CMX's platform automates the collection, acknowledgment, signing, review, and ongoing maintenance of all the legal and regulatory documents, certificates, training materials, and process diagrams.

The company's revenue is generated with the sale from the usage of its platform provided by its target company and organizations.

ComplianceMetrix, LLC plans to expand its team and product offerings by executing its vertical market expansion strategy.

## Funding rounds

- Series A, May 26, 2021, $50M — Morgan Stanley Expansion Capital

## Investors

- Morgan Stanley Expansion Capital (https://capitalatlas.ai/funds/morgan-stanley-expansion-capital) — Series A