About
Ascent RegTech (now AscentAI) provides AI-powered regulatory intelligence that automates compliance obligations mapping. Acquired by Edgewater Capital in Jan 2024, then acquired Waymark and rebranded. Platform ingests 2,000+ regulatory sources and maps them to specific policies/controls. Customers include banks, broker-dealers, and asset managers. Series B with $30M raised. Founded 2015 in Chicago. Reduces manual regulatory analysis from weeks to hours.
Key Facts
- [1]Founded: Founded in 2015.
- [2]Funding: Total funding: $27M. Last round: Jan 2024. Stage: Early Stage.
- [3]Employees: Employee count: 11-50.
- [4]Website: Official website: ascentregtech.com.
- [5]AI Technology: Core AI/ML technologies: Data Platform.
- [6]Region: Region: Americas (United States).
Founder
Brian Clark
Founder & CEO
AI Technology
Data Platform
Data aggregation and enrichment platforms with minimal ML
Classification
Market Segments
Tech Stack Layers
Details
Related Companies
View all in Risk & Compliance
Feedzai
AI-native fraud and financial crime prevention platform for major banks
Sardine
AI risk platform for fraud, credit, and compliance
Hawk AI
AI-powered AML and fraud detection for banks and fintechs
Resistant AI
AI models for document fraud and financial crime prevention
Flagright
AI-native transaction monitoring and AML compliance
Tookitaki
AI with community-driven intelligence for AML and fraud
Other Early Stage Companies
View all
Frequently Asked Questions
What is Ascent RegTech?
Ascent RegTech (now AscentAI) provides AI-powered regulatory intelligence that automates compliance obligations mapping. Acquired by Edgewater Capital in Jan 2024, then acquired Waymark and rebranded. Platform ingests 2,000+ regulatory sources and maps them to specific policies/controls. Customers include banks, broker-dealers, and asset managers. Series B with $30M raised. Founded 2015 in Chicago. Reduces manual regulatory analysis from weeks to hours. Ascent RegTech is classified in the Risk & Compliance segment at the Data layer of the financial AI stack.
Who founded Ascent RegTech?
Ascent RegTech was founded by Brian Clark (Founder & CEO) in 2015. The company has been operating for 11 years.
How much funding has Ascent RegTech raised?
Ascent RegTech has raised $27M in total funding, placing the company at the Early Stage stage. The most recent round closed in Jan 2024. Among 74 funded Risk & Compliance companies, Ascent RegTech ranks #55 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Ascent RegTech use?
Ascent RegTech primarily leverages Data Platform technology. Data aggregation and enrichment platforms with minimal ML. Within the Risk & Compliance segment, 11 companies use this technology.
What market segment does Ascent RegTech operate in?
Ascent RegTech operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Who are Ascent RegTech's competitors?
Companies similar to Ascent RegTech in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Ascent RegTech offer?
Ascent RegTech builds data-layer solutions for the financial services industry. The company's core offering: AI regulatory intelligence platform. The platform is powered by Data Platform technology.