About AscentAI
AscentAI is a company based in Chicago (United States) founded in 2015 by Brian Clark was acquired by Edgewater Capital in January 2024. It operates as a SaaS (Software-as-a-Service). AscentAI has raised $26.74 million across 3 funding rounds from investors including The University of Chicago, Natural Power and ING Ventures. The company has 4 employees as of December 31, 2024. AscentAI has completed 1 acquisition, including WaymarkTech. AscentAI offers products and services including AscentHorizon and AscentFocus. AscentAI operates in a competitive market with competitors including Zscaler, PayPal, Palantir, Snowflake and Alteryx, among others.
- Headquarter Chicago, United States
- Employees 4 as on 31 Dec, 2024
- Founders Brian Clark
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Ascent Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.74 M (USD)
in 3 rounds
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Latest Funding Round
$19.3 M (USD), Series B
Nov 04, 2019
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Investors
The University of Chicago
& 9 more
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Employee Count
4
as on Dec 31, 2024
- Investments & Acquisitions
- Acquired by
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Products & Services of AscentAI
AscentAI offers a comprehensive portfolio of products and services, including AscentHorizon and AscentFocus. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Global horizon scanning for real-time regulatory content.
Automates change management for regulatory obligation inventory.
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Funding Insights of AscentAI
AscentAI has successfully raised a total of $26.74M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $19.3 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $19.3M
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First Round
First Round
(01 Sep 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series B - AscentAI | Valuation | Drive Capital | |
| Mar, 2018 | Amount | Series A - AscentAI | Valuation | Alsop Louie Partners | |
| Sep, 2016 | Amount | Seed - AscentAI | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AscentAI
AscentAI has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include The University of Chicago, Natural Power and ING Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on pre-seed and seed stage investments
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Founded Year | Domain | Location | |
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Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach.
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Founded Year | Domain | Location | |
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Fintech startups are accelerated via a 6-month investment program.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AscentAI
AscentAI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WaymarkTech. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Automated regulatory compliance is facilitated by cloud-based platform.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AscentAI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascentai Comparisons
Competitors of AscentAI
AscentAI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zscaler, PayPal, Palantir, Snowflake and Alteryx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cybersecurity and zero trust solutions are delivered for secure networks.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Platform that provides data analysis and management solutions
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| domain | founded_year | HQ Location |
Cloud-based big data warehouse for enterprise data management is provided.
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| domain | founded_year | HQ Location |
Cloud-based data analytics solutions are delivered for insight generation.
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascentai
Frequently Asked Questions about AscentAI
When was AscentAI founded?
AscentAI was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is AscentAI located?
AscentAI is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of AscentAI?
Christopher Junker is the current CEO of AscentAI.
Is AscentAI a funded company?
AscentAI is a funded company, having raised a total of $26.74M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.44M, raised on Sep 01, 2016.
How many employees does AscentAI have?
As of Dec 31, 2024, the latest employee count at AscentAI is 4.
What does AscentAI do?
AscentAI is engaged in providing AI-driven solutions for regulatory compliance automation. The company operates within the RegTech sector, serving financial institutions such as banks, broker-dealers, and FinTech firms. Its platforms, including AscentHorizon and AscentFocus, are designed to streamline global horizon scanning, change management, and obligation tracking. Coverage spans 98 countries with data from 1000 sources, managing over 400,000 obligations. Solutions are integrated with leading GRC platforms to enhance compliance, reduce costs, and improve enterprise-wide decision-making.
Who are the top competitors of AscentAI?
What products or services does AscentAI offer?
AscentAI offers AscentHorizon and AscentFocus.
How many acquisitions has AscentAI made?
AscentAI has made 1 acquisition, including WaymarkTech.
Who are AscentAI's investors?
AscentAI has 10 investors. Key investors include The University of Chicago, Natural Power, ING Ventures, Drive Capital, and Alsop Louie Partners.