3 min read
We are delighted to announce that Kosli has raised $10 million in Series A funding. The round was led by Deutsche Bank’s Corporate Venture Capital (CVC) group, with participation from Heavybit, Defined, Transpose Platform, and a number of angel investors.
Alongside this funding milestone we are launching Kosli Enterprise, a new offering designed to meet the complex governance and compliance needs of large financial institutions. Kosli Enterprise includes enhanced support for organizations who require our expertise on how to map high level GRC requirements to the fast moving world of DevOps and CI/CD.
“We are delighted to partner and collaborate with Kosli to drive our vision of a highly efficient, transparent, and secure software development lifecycle that empowers our engineers to focus on developing solutions for the bank’s clients.” Martin Reeves, Engineering Platforms and Practice Lead, Deutsche Bank.
Solving the Governance Bottleneck in Financial Services
Financial institutions have made significant progress in automating their software delivery pipelines, but governance, risk, and compliance (GRC) processes have lagged behind.
Manual governance remains a critical bottleneck, delaying releases, increasing costs, and exposing organizations to unnecessary risk.
Since our founding in 2019, we have been helping financial institutions to navigate these challenges by combining a powerful technology platform with our expertise in governance automation.
Kosli enables teams to automate change controls, provide real-time visibility across the entire software lifecycle, and generate trusted audit records without slowing down development.
“Kosli has been a great partner, not just in terms of their product and the control that it offers us, but also the end to end thinking around how we build a strong, well governed, well controlled process.” Sean Langton, CIO, Abu Dhabi Commercial Bank
Why Kosli Enterprise is the Solution
Kosli Enterprise helps large teams in banking and financial services to automate the governance bottlenecks in their software delivery platforms by:
- Recording every software change event – Kosli closes the loop on governance by automatically recording all changes to runtime environments and linking them to developer actions.
- Automating controls – Delivery teams can fully automate change controls and audits without paperwork or delays.
- Integrating with existing tools – Kosli integrates with any runtime or CI/CD tool in use, ensuring compatibility with diverse tech stacks.
- Providing a customer-first security model – Kosli never pulls data from customer systems. Instead, customers decide what data to push to Kosli, maintaining complete control.
- Generating a provable audit trail – All data is append-only, ensuring a secure and trusted record of events.
- Giving support with controls engineering – Kosli’s professional services team helps enterprise customers map high-level GRC controls to the atomic level of software delivery.
Fueling Future Growth
This funding will accelerate Kosli’s expansion into large financial institutions, grow our team across all departments, and enhance our technology to provide even more powerful governance automation capabilities for our customers.
“At Heavybit, we recognize the importance of being able to guarantee, in an era of AI-generated software, what software is running and when. We’re excited to support Kosli’s mission of delivering software more securely and with more accountability,” Tom Drummond, Managing Director, Heavybit.
Kosli is already trusted by leading global banks and financial institutions to deliver secure, compliant software at the speed of DevOps, but it’s not just banks who are facing this governance challenge.
Large DevOps teams in industries like telecoms, utilities, aviation, media, and more are starting to run into a lot of the same problems. If you’re delivering software in a large enterprise and are facing challenges around governance, we’d be delighted to talk to you.
Contact us through our website, or learn more about Kosli Enterprise.
