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Market Landscape Analysis

It is far from unusual to see such promising scale from new ancillary markets oriented towards safety, security, and compliance. To demonstrate the potential of governance, risk management, and compliance technology companies, the Crunchbase Unicorn Board 1 includes all startups that have scaled to a valuation of at least $1 billion. Cointracker, AgentSync, Alloy, and Persona are all examples of ComplianceTech companies on this list.

CompanyFunding Raised
Market-Landscape-AnalysisCoinTracker, founded in 2017, has raised nearly $102 MM in funding as of their last Series A 2. They are the gold standard in cryptocurrency portfolio tracking and tax compliance, and they have received venture backing from Accel, Y Combinator, Coinbase Ventures, and more.
Market-Landscape-AnalysisAgentSync, founded in 2018, has raised nearly $162 MM in funding as of their last Series B 3. They build insurance infrastructure that connects carriers, agencies, MGAs, and producers, and they have received venture backing from Valor Ventures, Craft Ventures, Tiger Global Management, and more.
Market-Landscape-AnalysisAlloy, founded in 2015, has raised nearly $208 MM in funding as of their last Series C 4. They developed an identity verification platform used to detect fraud and make identity management effective and simple for banks, and they have received venture backing from Bessemer Ventures, Lightspeed Ventures, Avenir Growth Capital, and more.

As of the 15th of April 2024, our AI Assurance Technology landscape scan uncovered 100 startups as well as another 12 established enterprises providing products and services that enable safeguarding, auditing, governing, and verifying for the age of AI. This non-exhaustive search identified a rapidly increasing number of AI Assurance Technology organisations in recent years (depicted below). Looking ahead—given the latest AI breakthroughs, the increasing accessibility of Generative AI, and the aforementioned regulatory developments—the accelerating growth of the AIAT market is likely to continue.

Market-Landscape-Analysis

Footnotes​

  1. Crunchbase News. "The Complete List of Unicorn Companies." Accessed April 18, 2024. https://news.crunchbase.com/unicorn-company-list/ ↩

  2. CoinTracker. Crunchbase. Accessed April 18, 2024. https://www.crunchbase.com/organization/cointracker ↩

  3. AgentSync. Crunchbase. Accessed April 18, 2024. https://www.crunchbase.com/organization/agentsync ↩

  4. Alloy. Crunchbase. Accessed April 18, 2024. https://www.crunchbase.com/organization/alloy-2 ↩