# Relyance

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

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.relyance.ai
- Total disclosed funding: $62M
- Latest round: Series B (Aug 22, 2024)
- Investors on record: 6

## About

Relyance Inc. is an innovative company specializing in AI-driven privacy, data security, and AI governance solutions, providing organizations with essential tools for managing compliance and risk effectively.Founded in 2020 in Mountain View, US, Relyance Inc. focuses on enhancing AI governance and data security. The company has raised a total of USD 32.15 mn through its Series B funding round, led by Thomvest Ventures and supported by other notable investors including Microsoft and Menlo Ventures. The founder, Abhi Sharma, has a history of entrepreneurship, contributing to Relyance's strategic direction. Their most recent funding deal occurred on August 22, 2024, aimed at furthering their operational capabilities.Relyance AI specializes in providing an AI-native platform designed for privacy, data security, and AI governance. Its core offerings include Relyance AI Data Journeys™, enabling organizations to discover, track, and secure AI systems while delivering continuous risk and performance insights. The platform incorporates TrustiQ technology to unify data signals for a comprehensive view of the data ecosystem. Relyance AI caters to privacy officers, engineering teams, and compliance managers globally, enhancing their operational efficiencies across diverse industries.Relyance AI generates revenue primarily through subscription-based models and partnerships with organizations focused on privacy and data governance. Clients typically enter multi-year contracts granting access to a comprehensive suite of services, including automated model inventory and continuous monitoring tools. This revenue model supports enterprises of various sizes, fostering long-term client relationships reliant on Relyance AI's solutions throughout the AI lifecycle, with key products like TrustiQ and Relyance AI Data Journeys™ central to its business strategy.In August 2024, Relyance Inc. raised USD 32.15 mn in Series B funding to enhance its platform with data security posture management and improved AI governance capabilities. The company plans to expand into new geographic regions, particularly targeting markets in Europe and Asia by 2025. The funding will be utilized to support these initiatives and further develop their product offerings, ensuring that Relyance remains at the forefront of privacy and governance solutions.

## Funding rounds

- Series B, Aug 22, 2024, $32M — Menlo Ventures, Microsoft, Thomvest Ventures, Cheyenne Ventures, M12, Unusual Ventures
- Series A, Jun 1, 2021, $25M — Menlo Ventures, Unusual Ventures
- Seed, Apr 23, 2020, $5M — Unusual Ventures

## Investors

- Unusual Ventures (https://capitalatlas.ai/funds/unusual-ventures) — Seed, Series A, Series B
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series A, Series B
- Microsoft — Series B
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series B
- Cheyenne Ventures (https://capitalatlas.ai/funds/cheyenne-ventures) — Series B
- M12 (https://capitalatlas.ai/funds/m12) — Series B