Dot Compliance, a Phoenix, AZ-based supplier of AI-enabled high quality administration system (QMS) options, raised $17.5M in Sequence B funding.
The spherical, which introduced the overall quantity to $50M, was led by IGP Capital and Vertex Ventures with participation from TPY Capital.
The corporate intends to make use of the funds to speed up its AI software program options, drive continued product innovation and buyer acquisition, and meet escalating market demand for AI-driven options that assist life sciences organizations enhance high quality administration and dynamic compliance necessities.
Led by Doron Sitbon, Founder and CEO, Dot Compliance gives a ready-to-use high quality administration system empowered by the Salesforce.com platform. Its suite contains an intensive set of off-the-shelf prepared QMS and compliance pre-configured follow processes, enabling clients to deploy rapidly and affordably. The options are utilized by life sciences corporations, each giant and small, worldwide with greater than 200,000 customers and are totally compliant with 21 CFR half 11, EU-Annex 11 and help ISO 9001, 13485, 14791 and 27001.
Commenting on the information, Doron Sitbon stated: “This funding will permit us to speed up our momentum and double down on our AI resolution. We’re thrilled to have the ability to supply an answer that makes AI-powered insights accessible to all within the life sciences trade, no matter what information sources they at present use. Dot Compliance is remodeling into an information firm as we create a brand new class of AI-driven compliance.”
FinSMEs
15/04/2024
