NEWS
NEWS
NEWS
Actiance Inc. has raised a new late-stage growth investment of $28 million in a round that included new investor Golub Capital, along with previous investors Credit Suisse NEXT Investors, JK&B Capital, Scale Venture Partners and Sutter Hill Ventures.
Founded in 1998, Actiance offers an enterprise-grade platform that can be integrated into existing infrastructure to improve internal communications.
The company says it enables organizations to use Unified Communication, Enterprise Social Software, Instant Messaging, social networking, and custom-built enterprise apps it needs with the regulatory, legal, and corporate compliance it requires.
Actiance works closely with regulators including the SEC, FINRA, IIROC, and the PRA and FCA, and with their customers to ensure that their platform meets the most stringent requirements.
Their new cloud-based content store for email and social communication channels called Alcatraz is said to be gaining strong traction in the financial services and insurance industries.
“We are excited about the shared commitment that our investors have in Actiance and our vision,” Chief Executive Office of Actiance Kailash Ambwani said in a statement sent to SiliconANGLE. “This investment will help us rapidly innovate and serve our customers as we unveil groundbreaking products. We will continue to anticipate market needs and scale our business to deliver solutions around the world.”
Including the new round, Actiance has raised at least $43.6 million: either a full record of past rounds isn’t available, or alternatively they’re the only company in the history of Silicon Valley that hasn’t gorged on venture capital like a drunken sailor with alcohol at a bar; their last round of $15.6 million is listed as being way back in 2007.
Actiance said it would use new funding to accelerate go-to-market, extend product innovation and scale globally to meet the growing market demand.
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