Certemy, a Costa Mesa, CA-based provider of a cloud-based compliance platform, raised $9.7M in Series B funding.
The round, which included the conversion of a prior series of convertible notes, was led by Numeta Capital and Apis Holdings.
The company intends to use the funds to expand its sales, marketing, and product development efforts targeted at this very large enterprise market opportunity.
Led by CEO Zorik Gordon, Certemy provides a SaaS compliance platform that allows enterprises to track, manage, and verify the credentials of their employees. For certification and licensing boards, its credentialing platform provides an end-to-end solution allowing those boards to manage their initial application and license renewal workflows via a SaaS-based platform.
The company also announced a new compliance service offering targeted at enterprise and mid-market employers with large credentialed workforces, expanding upon its existing Credentialing platform that has been targeted at certification and licensing boards.
The Certemy Employee Compliance platform allows employers to do the following:
- Track: Track employee license and certification expirations and renewals via real-time notifications, dashboards and reports. Ensure employees are fully licensed and certified at all times. Eliminate the risks and costs of non-compliance, including fines, lawsuits, and lost business. Avoid last-minute scrambles and costly expirations.
- Manage: Guide employees and managers step-by-step through their credential applications and renewals via Certemy’s flexible compliance workflow engine.
- Verify: Certemy’s primary source verification (PSV) platform automatically checks thousands of data sources daily to verify employee credential status between renewals. Quickly detect when an employee license or certificate has been revoked or suspended by a state licensing board or a professional certification board.
FinSMEs
02/12/2022