Kovr.ai, a newly launched RegTech company focused on AI-native cyber compliance automation, has emerged from stealth to announce $3.6m in seed funding.
The investment round was co-led by IronGate and Xfund, with additional participation from Hack Factory, OODA Ventures, and McLean Capital. The capital will support the company’s efforts to scale its go-to-market initiatives, expand its AI engineering team, and accelerate product development.
Founded by former AWS, Gartner, and PwC executives Andrew Black and Sri Iyer, Kovr.ai offers a platform tailored for highly regulated industries seeking to automate complex compliance tasks. The technology addresses frameworks such as FedRAMP, CMMC, and NIST, which are typically time-consuming and resource-intensive.
The platform is designed to act as a compliance “copilot”, enabling users to obtain Authorisation to Operate (ATO) in minutes. It integrates with popular DevOps tools such as GitHub, Splunk, and Snyk and automates compliance documentation at the security control level—helping eliminate manual processes that often delay innovation.
With this funding, Kovr.ai intends to invest heavily in scaling its operations and accelerating development of its AI-native solutions.
Among its features are real-time monitoring of security controls, an AI-powered SSP document generator, a chat-based AI assistant for querying compliance data, and audit-ready documentation tools. These capabilities are underpinned by a proprietary AI architecture built on standards like NIST 800-53 and OSCAL.
Kovr.ai co-founder and CTO Sri Iyer said, “The timing for our launch couldn’t be better. With SWFT and FedRAMP transitioning to automation and AI, Kovr.ai is the only provider ready to meet the needs of companies and government agencies. Our platform is a force multiplier for enterprises who need to scale their cyber assurance to meet the innovation demands of their customers.”
IronGate Capital Advisors managing partner Andrew Magliochetti said, “Kovr.ai unblocks innovation for highly regulated enterprises with an AI-native platform.
“We still see innovators suffer with the typical two-year and $2 million barrier to getting into government deployments. Attempts to adapt tools from lightweight security standards haven’t worked and can’t keep up with the demands of complex frameworks. That is until now – Kovr.ai is rewriting the script.”
Kovr.ai co-founder and CEO Andrew Black added, “We believe innovation is power for companies and governments alike. We built Kovr.ai to unlock digital transformation in highly regulated industries without compromising security. With our launch, we’re transforming compliance from a bottleneck to a competitive advantage.”
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