(Dot Compliance: Phoenix) -- Dot Compliance, a provider of AI-enabled quality management system (QMS) solutions, has raised $17.5 million in Series B extension funding, marking a significant up round. The new round of financing was co-led by existing investors IGP Capital and Vertex Ventures with participation from TPY Capital, and brings total funding to $50 million to date.

“This funding will allow us to accelerate our momentum and double down on our AI solution,” says Doron Sitbon, founder and CEO of Dot Compliance. “We are thrilled to be able to offer a solution that makes AI-powered insights accessible to all in the life sciences industry, regardless of what data sources they currently use. Dot Compliance is transforming into a data company as we create a new category of AI-driven compliance.”

Dot Compliance will use the proceeds to accelerate its AI software solutions, drive continued product innovation and customer acquisition, and meet escalating market demand for AI-driven solutions that help life sciences organizations improve quality management and meet dynamic compliance requirements.

 …