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Ascent
Ascent provides a cloud-based platform that helps financial services firms to keep their businesses compliant
About Ascent
Ascent Technologies provides AI-enabled compliance automation solutions tailored for financial services companies. The company's core offering is a regulatory lifecycle management platform that assists firms in navigating the complexities of regulatory changes.
The platform uses AI-driven automation to provide a streamlined and consolidated view of regulatory content through a feature known as "horizon scanning." This allows businesses to stay ahead of the curve by anticipating and preparing for upcoming regulatory shifts. It generates an up-to-date, digital register of a firm’s specific regulatory obligations, which helps in maintaining continuous compliance.
Ascent's business model is centered on providing its software as a service (SaaS) to clients in the financial sector, including banks, investment firms, and other financial institutions. By automating the traditionally manual and labor-intensive process of regulatory compliance, the company helps its clients enhance efficiency and reduce the risk of non-compliance. In January 2024, the company was acquired by Edgewater Equity Partners, a private equity firm.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2015
- Headquarters
- Chicago, United States
- Employees
- 57
- Open positions
- None listed
- Dealroom signal
- 64.8/100
- Industry
- Legal, Fintech
- Sector
- Fintech, Risk Management, SaaS, Compliance, Consulting Services, Core AI, Platform, Doctor, Regtech Compliance
- Technology
- Artificial Intelligence, Machine Learning, Recognition Technology
- Client focus
- b2c
- Investment activity
- 1 company, latest Feb 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| BUYOUT✓Exit | Jan 2024 | $0 | — | Edgewater Equity Partners | ↗ |
| SERIES B✓Equity / VC | Nov 2019 | $19M | $77M | Drive Capital · ING Ventures | — |
Growth signals
Latest recorded traffic for Ascent is 5.9K monthly website visits, up 15.7% over the last three months. Ascent's team declined 6.6% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Doug Monieson- RBRyan Barr
- JGJim Gray
Dave Hoover- PWPaul Wood
Series A6 investors entered at this stage
Alsop Louie Partners- RKRandall Kroszner
Steve Kaplan
Temerity Capital Partners
Drive Capital
ING Ventures
Series B and later1 investor entered at this stage
- EPEdgewater Equity Partners
Other known investors5 additional known investors
ING Bank Corporate Finance
ING Group
Plug and Play
Wells Fargo Startup Accelerator
Wells Fargo Startup Accelerator
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Ascent on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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