- osapiens Services GmBH, a Germany-based regulatory compliance startup, has raised $120 million in Series B funding led by Goldman Sachs.
- The funding follows significant growth, with osapiens now serving over 1,300 clients including Coca-Cola and Costco.
- The company’s osapiens Hub platform assists enterprises in managing ESG regulations and compliance with European Union sustainability rules.
- The platform measures direct and indirect carbon emissions and supports compliance with whistleblower protection laws.
- osapiens Hub includes tools for collecting sustainability data from suppliers and external sources, and features AI-driven compliance detection.
- The platform also integrates data from connected devices to enhance operational efficiency.
- The new funding will support the expansion of platform features and global market initiatives.
Main AI News:
Germany-based regulatory compliance innovator osapiens Services GmBH has announced the successful closure of a $120 million Series B funding round, spearheaded by Goldman Sachs. This significant investment follows a year of impressive growth for osapiens, during which the company has expanded its user base more than fourfold. osapiens now serves over 1,300 clients, including notable brands such as Coca-Cola and Costco.
osapiens’ flagship product, the osapiens Hub platform, is designed to assist enterprises in navigating ESG (environmental, social, and governance) regulations, with a focus on simplifying compliance with the European Union’s sustainability directives. The platform also aims to ease adherence to national regulations like Germany’s LkSG law, minimizing the administrative burden on businesses.
The Hub platform boasts features that measure both direct and indirect carbon emissions, including those from purchased electricity. It also supports compliance with whistleblower protection laws by facilitating anonymous complaint processing from employees and external stakeholders.
To address regulatory demands that extend to supply chains, osapiens Hub includes a questionnaire tool for collecting sustainability data from suppliers and gathering external information on partners’ ESG efforts. The platform’s AI-driven capabilities detect ESG compliance issues and allow for the integration of third-party neural networks if needed. Additionally, it offers functionalities for preparing business data for AI processing.
Another component of the Hub platform supports data ingestion from connected devices, helping companies like delivery services and manufacturers optimize fuel consumption and operational efficiency. Co-founder and CEO Alberto Zamora emphasized the dual impact of osapiens’ solutions on both financial performance and environmental sustainability.
The newly acquired $120 million will bolster osapiens’ development of additional platform features and support its global expansion efforts.
Conclusion:
osapiens’ successful $120 million funding round signifies a strong market confidence in the growing need for advanced ESG compliance solutions. The investment will enable osapiens to enhance its platform’s capabilities and extend its global reach, reflecting increasing corporate emphasis on meeting regulatory standards and improving sustainability practices. This move highlights a broader trend where companies are investing in technology to better manage compliance and environmental impact, setting a precedent for future growth and innovation in the ESG sector.
