Best GRC Software Companies in Chicago, United States
The 68 best GRC Software companies in Chicago, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: RLDatix.
Our analysis of 50 GRC Software companies
$4.6b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best GRC Software companies in Chicago
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | RLDatix GRC software solutions for the healthcare industry | $736M | 54 mo ago | 1,400 | 1986 | Dan Michelson CEO | — | — |
| 2 | LogicGate Provider of governance, risk, and compliance management software platform solutions | $156M | 59 mo ago | 189 189 → 243 (+29%) | 2015 | Matt Kunkel Co-Founder & CEO | — | 1 launch |
| 3 | Fusion Risk Management Developer of enterprise software for business continuity and risk management | $52M | 38 mo ago | 180 180 → 257 (+43%) | 2006 | Bob Sibik Co-Founder | — | 1 award |
| 4 | CMG Platform offering asset management solutions 45Funding top 24%Tech bottom 49%Growth bottom 48%Market bottom 47% All 6 signals ▾Fundingtop 24% Techbottom 49% Growthbottom 48% Marketbottom 47% Globalbottom 39% Newsbottom 27% Funding: Raised $32.5M across 3 rounds · 3 rounds over 7 yrs (0.4/yr) Tech: 31 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 45/100 | $32M | 1 mo ago | 110 | 2015 | — | — | — |
| 5 | Aclaimant Provider of enterprise incident management system | $30M | 41 mo ago | 46 | 2009 | Joel Friedman Founder and CTO | — | — |
| 6 | Ascent Cloud-based platform to track and automate financial regulatory compliance | $27M | 79 mo ago | 47 | 2015 | Brian Clark Founder | 71 patents HVAC fan and housing systems plus ultrasonic transducer manufacturing technologies | 1 job opening · 1 award |
| 7 | Sphera Solutions Provider of software and consulting for sustainability and operational risk management 62News top 19%Funding top 28%Product top 28%Tech top 30% All 11 signals ▾Newstop 19% Fundingtop 28% Producttop 28% Techtop 30% Moattop 37% Markettop 44% Innovationtop 44% Growthtop 45% Globaltop 48% Talentbottom 49% Patentsbottom 42% News: 10 BI events in 12 mo (of 45 tracked, 7 types) · +150% YoY Funding: Raised $26.5M across 13 rounds · 13 rounds over 25 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $27M | 9 mo ago | 265 | 1999 | Paul Marushka CEO & President | 6 patents Load balancing and virtual hosting of multiple web domains on a single IP | — |
| 8 | Firm58 Financial management software for trading firms. | $19M | 192 mo ago | 50 | 2005 | James Mullen Co-Founder & Chief Technology Officer | — | — |
| 9 | Neurensic Regulatory compliance using Artificial Intelligence | $9M | 111 mo ago | 186 | 2015 | — | — | — |
| 10 | Compliance11 Compliance software for financial services | $7M | 182 mo ago | 26 | 2005 | Tad Mitchell Ex-President & CEO | — | — |
| 11 | Qumis AI-powered insurance policy review platform | $7M | 6 mo ago | — | 2022 | Dan Schuleman Co-Founder & CEO | — | — |
| 12 | ThirdPartyTrust SaaS solution for security and vendor risk management | $5M | 77 mo ago | 59 | 2014 | — | — | — |
| 13 | SafeHill Provider of AI-powered platform for threat exposure management and cybersecurity | $3M | 8 mo ago | — | 2025 | Nicholas Gonzalez Co-Founder & CRO | — | 1 launch · 2 expansions |
| 14 | Tractiv Data lineage tracking and management solutions provider | $2M | 54 mo ago | 13 | 2019 | — | — | — |
| 15 | Proxfinity Provider of smart badge based event networking platform | $1M | 90 mo ago | 3 | 2014 | Mitch Carrel Co-Founder/Chairman/Former CEO | 4 patents Proximity-based social networking notification devices for friend-circle signaling | — |
| 16 | Real Time Risk Solutions Risk management technology solutions for multiple industries | $1M | 112 mo ago | 6 | 2014 | Cory Davis Founder & CEO | — | — |
| 17 | Vertex Analytics Data Visualization Platform for Futures Markets | $1M | 137 mo ago | 98 | 2011 | — | — | — |
| 18 | Kinetic Global Cloud-based employee workplace safety app for enterprises | $595K | 141 mo ago | 19 | 2012 | — | 20 patents High‑precision, pressurized resin and tankless continuous 3D printing technologies | 1 job opening |
| 19 | Transfer Thought Web based platform offering workforce health and safety training solutions | $400K | 48 mo ago | 5 | 2019 | — | — | — |
| 20 | Prescient Vendor and safety risk management solution | $323K | 154 mo ago | 96 96 → 78 (-19%) | 2008 | — | — | 1 job opening |
| 21 | Lotic Labs Financial risk assessment solutions provider | $100K | 82 mo ago | 4 | 2016 | Matthew Marshall Co-Founder | 4 patents Wearable health data capture devices and ML-driven personal wellness analytics platform. | — |
Top 12 GRC Software companies in Chicago
#1
Series C · Chicago, Illinois · founded 2015 · 110 employees$32.5Mraised▾
Platform offering asset management solutions. It offers a platform that connects buy-side and sell side in the capital market. It connects investors and underwriters via a platform that delivers integrated ECM data and analytics, workflow collaboration, and more. It provides a digital system of record for firm wide deal activity and helps clients make informed decisions.
- May 2026Series C—
- Mar 2025Series C$30M
- Jan 2022Series B—
- Jun 2020Series B$25M
#2
Acquired · Chicago, Illinois · founded 1999 · 265 employees$26.5Mraised▾
Provider of software and consulting for sustainability and operational risk management. The company delivers tools for environmental health and safety, product stewardship, and supply chain risk. It offers software solutions, data, and consulting services for regulatory reporting and performance improvement. The company’s platform helps businesses manage risk and sustainability across their operations.
- Sep 2025Series E—
- Mar 2022Series D$2.5M
- Apr 2021Grant (prize money)$46.8K
- Apr 2021Grant (prize money)$169.7K
#3
Seed · Chicago, Illinois · founded 2022$6.8Mraised▾
AI-powered insurance policy review platform. It is an AI-powered knowledge platform built by insurance coverage experts to revolutionize insurance policy review and analysis.
- Nov 2025Seed$4.3M
- Dec 2024Seed$2.5M
#4
Seed · Chicago, Illinois · founded 2025$2.6Mraised▾
Provider of AI-powered platform for threat exposure management and cybersecurity. The platform identifies, validates, and prioritizes vulnerabilities using AI-driven automation and human validation. It offers continuous penetration testing, remediation prioritization, and compliance mapping. The company provides cyber risk solutions, attack path discovery, and threat intelligence monitoring. Services include penetration testing, red team exercises, and social engineering simulations. The platform aggregates assessment results, validates exposures, and prioritizes remediation based on business impact.
- Oct 2025Seed$2.6M
#5
Late Stage · Chicago, Illinois · founded 1986 · 1400 employees$735.7Mraised▾
GRC software solutions for the healthcare industry. It provides software and services that help healthcare organizations identify risks, enhance operational performance, and meet regulatory guidelines. It offers solutions such as credentialing and privileges, payer enrollment, contract lifecycle management, peer review, compliance, accreditation, risk and event analysis, feedback surveys, claims management, clinical surveillance, and workforce management. It helps providers, payers, insurers, and government entities enhance patient safety and outcomes.
- Dec 2021Unattributed$106.7M
- Mar 2021Unattributed$34.1K
- May 2020Unattributed$49.2K
- Apr 2019Unattributed$21.4M
#6
Series D · Chicago, Illinois · founded 2006 · 180 employees$51.6Mraised▾
Developer of enterprise software for business continuity and risk management. The software facilitates resilience strategies, helping organizations prepare for operational challenges. It offers tools for analyzing business operations to identify risks and improve efficiency. The platform integrates planning, response, and recovery processes into a coordinated system. It also provides features for managing third-party risks and ensuring IT disaster recovery.
- Apr 2023Series D—
- Sep 2019Series C—
- Jun 2017Series C$41M
- 2014Series A$2.3M
#7
Series C · Chicago, Illinois · founded 2015 · 189 employees$155.9Mraised▾
Provider of governance, risk, and compliance management software platform solutions. The company offers tools for risk quantification, workflow automation, and regulatory compliance management. It provides application suites for banking, cyber risk, and operational risk management. The platform features automated evidence collection, a graph database, and reporting and analytics. It also offers solutions for policy management, data privacy, and internal audit.
- Jun 2021Series C$113M
- Oct 2020Series B$8.8M
- Dec 2019Venture Debt—
- Dec 2019Series B$24.8M
#8
Series B · Chicago, Illinois · founded 2009 · 46 employees$30.5Mraised▾
Provider of enterprise incident management system. It provides a mobile app, web portal, and personal incident hotline to manage incidents and claims. It captures actionable information, customizes incident reporting, and engages with every employee. Its organizations can report all incidents personal, property, and near-hit incidents also.
- Jan 2023Series B$2.5M
- Apr 2021Conventional Debt—
- Mar 2021Series B$15M
- Feb 2021Series A$50K
#9
Acquired · Chicago, Illinois · founded 2015 · 47 employees$26.7Mraised▾
Ascent provides a cloud-based platform to track and automate regulatory compliance programs to the financial institutions. The product Ascent leverages a proprietary AI and automation technology to convert the rules and documents of a regulatory body into units of intelligence. Features include automated conversion of regulatory compliance into regulatory obligations checklists, compliance & procedure manual documentation, regulatory change tracking, and centralized management. The full platform comprises of selected compliance channels viz. CFTC, CME, CBOT, NYMEX, CBOE, ICE, GIPS, NFA, SEC, and FINRA. Pricing is based on the number of users and the selected channels. As of Jan 2018, the company is developing a lite version of the platform with limited functionalities.
- Nov 2019Series B$19.3M
- Mar 2018Series A$6M
- Sep 2016Seed$1.4M
#10
Acqui-Hired · Chicago, Illinois · founded 2005 · 50 employees$19.3Mraised▾
Firm58 is a cloud-based broker-dealer and trading firm back office automation solutions. It has features such as profit analysis, compliance and surveillance, CSA and soft dollar management, compensation, accounting, position reporting, and billing, etc.
- Jun 2010Series C$7.1M
- May 2008Series B$8.5M
- Apr 2007Series A$3.7M
#11
Acqui-Hired · Chicago, Illinois · founded 2015 · 186 employees$9Mraised▾
Neurensic helps financial institutions reduce risk and ensure regulatory compliance. It provides CORE, an intent-based surveillance solution which leverages AI to detect rogue trading, suspect trading behavior, fraud, and anomaly in trading activities to ensure regulatory compliance. It recognizes patterns of trading that are similar to regulatory inquiries and investigations, thereby helping organizations in identifying the same.
- Mar 2017Seed$1.8M
- Aug 2016Seed—
- Jul 2016Seed$225K
- Dec 2015Seed$500K
#12
Public · Chicago, Illinois · founded 2005 · 26 employees$7.3Mraised▾
Compliance11 provides cloud-based compliance automation software for enterprises to monitor employees and ensure compliance. The product automates employee trading, insider trading, employee disclosures, gifts, entertainment, political contributions, customer complaints, etc. In Nov 2011, it was acquired by Charles Schwab for an undisclosed sum.
- Apr 2011Series B$850K
- Mar 2011Series B$500K
- Feb 2010Series B$6M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of GRC Software coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Chicago researches in regtech
- University of Chicago11
- Chicago State University7
- University of Illinois Chicago5
- University of Chicago Research Bangladesh2
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.