Greenlight Technologies has raised Series A funding led by Storm Ventures of Menlo Park, CA. The capital will be used to fuel market expansion of Greenlight's enterprise business control monitoring solutions as well as to scale global operations to support recent customer wins and the growing demand for its software products.
As part of the Series A funding, Sanjay Subhedar of Storm Ventures, will join the Greenlight board of directors along with Anand Adya, CEO of Greenlight Technologies.
"With nearly every facet of an organization's business reliant on technology, the importance of governing the user access and activities associated with business transacted through key applications is what is driving the demand for Greenlight's enterprise business control solutions. Storm Ventures and Sanjay Subhedar have an outstanding track record for investing in market leading companies and bring a wealth of real-world operating experience which will be instrumental in scaling Greenlight Technologies to take advantage of our sizable market opportunity." said, Anand Adya, CEO, Greenlight Technologies.
"The ability to continuously monitor, detect, remediate and prevent user activity risks across enterprise applications and business transactions is of critical importance to organizations today. Greenlight Technologies has emerged as a clear leader in governance, risk and compliance software industry. The company has gained significant traction in the market due to its domain expertise as well as a deep understanding on how continuous monitoring of key business controls will provide organizations with the business assurance they are striving for. We look forward to partnering with Greenlight's management team to leverage our experience for growing highly successful technology companies." said, Sanjay Subhedar, founding partner, Storm Ventures.
