Risk management startup SignalX raises Rs 6 Cr in seed round led by 9Unicorns, 3Lines VC, Hyderabad


AI-powered governance risk management and compliance startup SignalX has raised Rs 6 crore in seed round led by 9Unicorns, 3Lines VC, a US-based VC fund, with Hyderabad angels as a co-investor.


Founded by Govind Balachandran in 2018, SignalX offers an AI-powered SaaS platform for corporate risk and due diligence for a comprehensive financial, legal, regulatory, and reputational risk analysis on any given target company. The company claims to offer its product with a fast turnaround and high-quality research capabilities.


"Our Due Diligence AI is purpose-built to help compliance, risk and legal professionals execute a broad range of analyses starting from KYB screening to meeting enhanced due diligence and analysis requirements such as 29A (Insolvency Bankruptcy Code), Anti-Money Laundering (AML) compliant Customer Due Diligence, Enhanced Due Diligence, Financial Modelling, reputational risk checks etc," said Founder Govind Balachandran in a statement.

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