AI-driven eQMS company Dot Compliance scores $17M

The article discusses Phoenix-based Dot Compliance’s recent $17 million Series B extension funding, bringing its total funding to $50 million. The funding round was led by existing investors IGP Capital and Vertex Ventures, with additional investment from TPY Capital. Dot Compliance provides an AI-powered quality management system for compliance, focusing on a vendor-neutral eQMS platform covering document, change, and supplier quality management. The company plans to use the funds to further develop its AI solutions, drive customer acquisition, and promote innovation.

Highlights:
1. Dot Compliance secures $17 million in Series B extension funding, reaching a total of $50 million in funding.
2. The funding round was led by existing investors IGP Capital and Vertex Ventures, with additional investment from TPY Capital.
3. Dot Compliance offers AI solutions for compliance needs, including document, change, and supplier quality management, focusing on regulations like FDA 21 CFR Part II, FDA 21 CFR Part 820, and EU GMP Annex II.

Summary:
Dot Compliance, a company specializing in AI-powered quality management for compliance, has closed a $17 million Series B extension funding round, bringing its total funding to $50 million. The company plans to use the funds to enhance its AI solutions, drive customer acquisition, and foster innovation in the compliance space.

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