Footprint Secures $25 Million Series B for AI Risk and Compliance OS
Footprint, an AI company focused on risk management, announced a $25 million Series B funding round. The capital will fuel expansion of its engineering and sales teams and its West Coast presence.
Footprint, a technology company specializing in an AI operating system for risk and compliance, has raised $25 million in Series B funding. The round was led by QED Investors.
The newly acquired capital is earmarked to significantly expand Footprint's engineering and sales departments. The company also plans to utilize the funds for its expansion efforts on the West Coast of the United States.
The company's product, Percy, is designed as an AI operating system to manage enterprise risks and ensure regulatory compliance. This technology addresses growing demands in the global business landscape for automated and efficient risk management solutions amid increasingly complex regulatory environments.
This funding round is expected to bolster Footprint's market position and support the continued development and scaling of its AI-powered platform. Further details regarding the company's strategic use of the funds are anticipated.