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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
Global horizon scanning for real-time regulatory content.
Automates change management for regulatory obligation inventory.
People of AscentAI
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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.
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.
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Venture capital firm focused on pre-seed and seed stage investments
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Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach.
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Fintech startups are accelerated via a 6-month investment program.
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Investor details for AscentAI
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Investments & Acquisitions by AscentAI
AscentAI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WaymarkTech.
Investment portfolio details for AscentAI
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Automated regulatory compliance is facilitated by cloud-based platform.
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Complete acquisition details for AscentAI
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Financial Statements - AscentAI
Detailed financials for AscentAI
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Ascentai Comparisons
Peer comparison for AscentAI
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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.
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Cybersecurity and zero trust solutions are delivered for secure networks.
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Online payment solutions are offered to consumers and businesses.
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Platform that provides data analysis and management solutions
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Cloud-based big data warehouse for enterprise data management is provided.
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Cloud-based data analytics solutions are delivered for insight generation.
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Synchrony is engaged in providing credit cards and banking services.
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Detailed competitors of AscentAI
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Latest news on Ascentai
Complete news archive for AscentAI
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Frequently Asked Questions about AscentAI
AscentAI was founded in 2015 and raised its 1st funding round 1 year after it was founded.
AscentAI is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Christopher Junker is the current CEO of AscentAI.
AscentAI is a funded company, having raised a total of $26.74M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at AscentAI is 4.
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.
AscentAI offers AscentHorizon and AscentFocus.
AscentAI has made 1 acquisition, including WaymarkTech.
AscentAI has 10 investors. Key investors include The University of Chicago, Natural Power, ING Ventures, Drive Capital, and Alsop Louie Partners.