Virginia-based Kovr.ai, which describes itself as an “AI-native cyber compliance automation platform provider,” will use the capital to hire more AI engineering and product development teams, according to a statement.
IronGate and Xfund led the funding round, which also included Hack Factory, OODA Ventures and McLean Capital.
According to the statement, Kovr.ai “acts as a compliance copilot, enabling organizations in highly regulated industries to quickly adapt to evolving regulatory frameworks and achieve Authorization to Operate (ATO) readiness in minutes.”
Company founders have experience in some operations as Amazon Web Services, Gartner and PricewaterhouseCoopers (PwC), and worked not only with compliance but artificial intelligence and cybersecurity.
The company says it uses proprietary AI architecture built on NIST 800-53, NIST 800-171 and OSCAL, and intends to serve agencies running on such programs as FedRAMP and the Department of Defense’s Security Requirements Guide.
Kovr.ai already works with “one major state university” and is set to announce in the coming weeks another “state-level partnership,” Andrew Black, co-founder and CEO, told Government Technology.
“We see the states as a big growth area,” he said.
The company’s platform offers real-time monitoring of risk, compliance and security controls; an automated System Security Plan (SSP) generator; an AI assistant; and “audit-ready documentation” such as compliance reports, security updates and evidence logs, according to the statement.
“Kovr.ai unblocks innovation for highly regulated enterprises with an AI-native platform,” said Andrew Magliochetti, managing partner at IronGate Capital Advisors, in the statement. “We still see innovators suffer with the typical two-year and $2 million barrier to getting into government deployments.“
