- Hybridity, a RegTech startup based in Stockholm, has successfully raised €2 million (approximately SEK 22 million) in funding to expedite the commercialization of its AI platform, Hy5. This innovative technology aims to automate compliance with complex European Union regulations, including the Digital Operational Resilience Act (DORA), the NIS2 Directive, and the General Data Protection Regulation (GDPR).
- The funding round attracted notable investors, such as Henrik Ekelund from BTS Group, Hans Otterling, and Jörgen B., whose participation underscores the growing interest in AI-driven solutions for regulatory compliance. The capital will be utilized to enhance the capabilities of Hy5, which is designed to streamline the compliance processes that organizations face in an increasingly regulated environment.
- As regulatory landscapes evolve, companies are under pressure to ensure adherence to a myriad of laws and directives. Hybridity’s AI platform seeks to alleviate this burden by providing automated solutions that reduce the complexity and time required for compliance, thus allowing businesses to focus on their core operations. The startup aims to position itself as a leader in the RegTech sector by leveraging cutting-edge technology to meet the compliance needs of businesses across Europe.
Source: Swedish Tech News
Leave feedback about this
You must be logged in to post a comment.