Unit21 Raises $13 Million from Google AI venture fund & Others
SAN FRANCISCO, 20th Oct, 2020-- Unit21, a platform of no-code tools for risk and compliance teams, today announces $13 million in funding led by A.Capital Ventures.
Additional participation includes investors such as Gradient Ventures (Google’s AI venture fund), Core VC, South Park Commons, Diane Greene (founder of VMWare), William Hockey (founder of Plaid), Chris Britt and Ryan King (founders of Chime), Sumit Agarwal (founder of Shape Security), and Michael Vaughan (former COO of Venmo).
Unit21 will use the new capital to grow its product and distribution-focused management team, increase sales and marketing efforts, and launch in new industries.
Risk and compliance are increasingly expensive departments within companies. In 2019, institutions were fined $8.14 billion in Anti-...