▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

Kovr.ai Emerges From Stealth With $3.6 Million to Reinvent Cyber Compliance Automation for Organizations in Highly Regulated Industries

Kovr.ai, the only AI-native cyber compliance automation platform provider, today emerged from stealth with $3.6 million in seed funding led by IronGate and Xfund with participation from Hack Factory, ...

Business Wire

Company launches AI-native platform to automate compliance with complex frameworks like FedRAMP; IronGate and Xfund lead seed round for startup founded by former AWS executives responsible for multi-million technology portfolios

RESTON, Va.: Kovr.ai, the only AI-native cyber compliance automation platform provider, today emerged from stealth with $3.6 million in seed funding led by IronGate and Xfund with participation from Hack Factory, OODA Ventures, and McLean Capital. The company will use the funds to accelerate growth by expanding its go-to-market, AI engineering and product development teams.

“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,” said Sri Iyer, Army veteran, co-founder and CTO of Kovr.ai. “Our platform is a force multiplier for enterprises who need to scale their cyber assurance to meet the innovation demands of their customers."

Kovr.ai acts as a compliance copilot, enabling organizations in highly regulated industries to quickly adapt to evolving regulatory frameworks and achieve Authorization to Operate (ATO) readiness in minutes. The company is co-founded by Andrew Black and Sri Iyer, AI leaders and former executives from AWS, Gartner, and PwC, with decades of experience solving compliance, AI, and cybersecurity challenges for multi-million-dollar technology portfolios.

“Kovr.ai unblocks innovation for highly regulated enterprises with an AI-native platform,” said Andrew Magliochetti, Managing Partner, IronGate Capital Advisors. “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.”

The only AI-native cyber compliance automation platform designed for cloud and hybrid systems, Kovr.ai uses real-time, code-driven intelligence to automate the most complex frameworks like FedRAMP and CMMC. The platform is interoperable with existing DevOps tools like GitHub, Splunk, and Snyk, and purpose built to help users manage compliance documentation at the security control level, eliminating the need for manual processes that slow teams down and increase costs.

“Compliance debt shouldn't be a blocker for innovation,” said Brandon Farwell, General Partner at Xfund. “It takes companies up to 1,000 hours to do what Kovr.ai can do in 15 minutes. Kovr.ai erases common challenges, providing organizations with real-time visibility, audit-ready reports in minutes, and AI support to navigate compliance status and framework gaps. We have seen a ton and invested in a few companies that were initially hamstrung with regulatory and compliance burdens: Kovr.ai addresses these issues with a swift, dynamic, AI-native approach.”

Kovr.ai employs a proprietary AI architecture built on NIST 800-53, NIST 800-171, and OSCAL. It is purpose-built for a wide range of industries, from government agencies running programs like FedRAMP and DOD SRG to banks and energy firms running NIST CSF. The platform acts as a centralized hub offering a holistic view into compliance status, risks and remediation progress and delivers:

  • Real-time monitoring: Understand risk and compliance in real-time with live monitoring of security controls, vulnerabilities, and remediation actions down to the control and control family level
  • Automated SSP generator: Automate the pipeline with an AI-powered document creation tool that parses terabytes of evidence, identifies security-relevant chunks, maps them to each control, and documents compliance and implementation gaps in minutes
  • AI assistant: Query data holdings through an intuitive chat interface to understand compliance status, audit readiness, and gaps for remediation
  • Audit-ready documentation: Confidently manage audit with version-controlled storage of compliance reports, evidence logs and security updates

“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,” said Andrew Black, co-founder and CEO, Kovr.ai. “With our launch, we’re transforming compliance from a bottleneck to a competitive advantage.”

Kovr.ai is trusted by an ever-growing movement of innovators like Obviant, Pellonium, ConductorAI, and more. The company’s board of advisors includes Bryan Ware, the first Presidentially appointed Director of Cybersecurity at CISA, and Matt Devost, a pioneer in national security and cyber risk strategy.

To learn more about how Kovr.ai can accelerate cyber compliance, visit kovr.ai.

About IronGate
Founded in 2018, IronGate's mission is to direct capital to the highest-performing ventures in the advanced technology arena, with a specific focus on innovations in aerospace, defense and intelligence, and national security that have dual-use applications in the civilian economy. IronGate is managed by a multidisciplinary team of experts in finance, national security, and technology. IronGate's investment approach provides investors with a diversified venture capital portfolio while supporting the early-stage companies that are poised to meet the most demanding national security requirements. For more information, visit IronGateVC.com.

About Xfund
Xfund is the early-stage venture capital firm built to back entrepreneurs who think laterally and experiment across disciplines. We are a pioneering partnership between some of the country’s most successful venture capital firms and some of the world’s best research universities in the United States and abroad. Whether you’re a student, faculty member, staff, alumni — or perhaps you’re entirely self-taught — so long as you have a curious mind and an ability to execute, we’re interested. For more information, visit: https://www.xfund.com/.

About Kovr.ai
Kovr.ai reinvents cyber compliance automation with the only AI-native platform designed for cloud and hybrid systems to meet the demands of organizations in highly regulated industries. Unlike expensive consultants and brittle tools retrofitted from lightweight security standards, Kovr.ai uses real-time, code-driven intelligence to automate the most complex frameworks like FedRAMP and CMMC. As compliance and security risks grow, Kovr.ai is the force multiplier that empowers organizations to easily navigate change and be ATO ready in as little as 15 minutes. To learn more about Kovr.ai, visit https://www.kovr.ai/.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Securonix Acquires ThreatQuotient to Deliver Industry’s Broadest and Deepest…

Today, Securonix, a five-time Leader in the Gartner® Magic Quadrant™ for Security Information and Event Management (SIEM), announced the acquisition of…

Confidential Computing Poised for Explosive Growth as Anjuna Secures Three…

Anjuna, a leader in Confidential Computing and AI Data Fusion Clean Rooms, today announced the addition of a new top five global bank to its growing roster…

PubNub Evolves Its Platform with AI-Native Development, Real-Time Moderation,…

PubNub, the leader in real-time interactive apps, unveiled the next evolution of its platform. It introduces AI-native development, real-time decision…

Glean Raises $150M Series F at $7.2B Valuation to Accelerate Enterprise…

Work AI leader Glean today announced it raised $150 million in Series F financing, bringing its valuation to $7.2 billion. The round was led by Wellington…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!