Organizations now consider regulatory compliance as a core business function which creates operational risks that affect their ability to enter markets and speed up product development and assess their company worth. The increasing global demand for supply chain transparency and sustainability and PFAS and digital product traceability regulations has created a situation where traditional manual compliance systems no longer function effectively. The AI-native compliance automation category receives its first demonstration through Certivo's $4 million seed funding round. The AI-native systems work through continuous operation to track regulatory updates and check supplier information and connect compliance requirements with current product inventory. The strategic shift provides CEOs and CFOs and regulatory leaders with new advantages. Businesses can achieve continuous compliance which benefits them by decreasing their audit risk and enabling faster product development and better supplier management and maintaining their market reputation in industries with more rigorous regulations. The AI-based compliance system enables investors and board members to monitor regulatory compliance risks throughout their multiple supply chain levels. Businesses need to shift from compliance reporting which occurs after violations to continuous compliance systems which operate with temporary reporting requirements and sustainable business development.
Read the full analysis here: https://finance.yahoo.com/news/certivo-raises-4m-seed-round-140000481.html
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