Relyance AI, a San Francisco-based startup, has secured $32.1 million in Series B funding to tackle the increasing challenges of AI governance and data privacy in enterprises. The funding round was led by Thomvest Ventures, with participation from M12 (Microsoft’s venture fund), Cheyenne Ventures, and existing investors Menlo Ventures and Unusual Ventures.
The platform operates by continuously analyzing source code, monitoring runtime environments, and scanning data repositories. It compares this data against contractual obligations and global privacy regulations, enabling companies to protect their AI innovations while staying compliant with complex and evolving data protection laws.