Cyber compliance automation firm Kovr.ai has emerged from stealth mode with $3.6 million in seed funding led by IronGate and Xfund with additional participation from Hack Factory, OODA Ventures and McLean Capital.
The company has launched an AI-native platform designed to automate compliance with regulatory frameworks like FedRAMP. The startup plans to use the funding to expand its go-to-market efforts 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,” chief technology officer and co-founder Sri Iyer said in a news release. “Our platform is a force multiplier for enterprises who need to scale their cyber assurance.”
Kovr.ai, based in Reston, Virginia, was founded by Andrew Black and Sri Iyer, former executives from AWS. The platform is designed to help organizations in regulated industries generate compliance documentation and monitor security controls.
