The Venture Codex

Participated · Series B · Sep 2025

RegScale offers a compliance-as-code CCM platform built for CISOs at government agencies, financial institutions, high-tech enterprises, and other highly regulated organizations. The software uses APIs and AI agents, branded as RegML, to automate evidence collection, continuous monitoring, audits, and risk analysis, turning traditionally manual, checklist-driven GRC processes into real-time, automated workflows. Customers report cutting audit preparation time by 60 %, achieving FedRAMP High authorization 3–4× faster, and realizing up to 10× staff efficiency, while the company’s annual recurring revenue has tripled year-over-year. RegScale has earned industry recognition such as SC Media’s Best Compliance Solution award and Gartner leadership citations, and it serves as lead affiliate for the Cyber Risk Institute’s OSCAL initiative. The firm recently secured FedRAMP High Authorization itself in just six months—one-quarter of the typical timeline—showcasing the maturity of its platform. With fresh capital, the company plans to expand its AI roadmap, hire across R&D and sales, and move deeper into energy, utilities, and other critical-infrastructure sectors. Headquartered in Tysons Corner, Virginia, RegScale positions its platform as an operational risk “co-pilot” that lowers compliance costs while strengthening security.

Participated · Series B · May 2025

Orca AI develops AI-powered autonomous navigation and decision-making systems for ships using a marine visual dataset covering over 80 million nautical miles. Its platform aims to reduce collisions and offload routine monitoring, allowing crews to focus on other voyage tasks. A 2024 analysis of Orca AI’s alerts system showed a 54% reduction in close encounter events and an average fuel savings of $100,000 per vessel per year. The company remains active in the commercial sector with collaborations and proofs of concept, while pursuing defense opportunities after signing and deploying its first contract on a navy ship. Expansion of Starlink connectivity is accelerating growth by enabling real-time data transmission and large-scale collection directly from ship sensors for route mapping and traffic monitoring. Orca AI is based in London and was founded in 2018 by CEO Yarden Gross and CTO Dor Raviv. Financially, it has raised over $111 million to date, including a $23 million round last year and the recent Series B. Orca AI builds AI navigation software that processes multiple visual sources to keep ships on course and provides a cloud-based operational platform for fleet managers. Founded at the end of 2018 by Israeli naval technology experts Yarden Gross and Dor Raviv, the company launched its navigation technology commercially in 2021 and says it powered the world’s first autonomous commercial ship voyage in congested waters. The platform uploads data to the cloud, offers monitoring tools for fleets, and is positioned as an operational platform for semi-autonomous fleets, with the company describing a future of increasingly automated or crewless vessels. Orca cites results from a 2023 trial showing a 33% reduction in close encounters and a 40% reduction in crossing events across 15 million nautical miles, plus reported fuel savings of $100,000–$300,000 per vessel per year (3–5% fuel reduction) and a CO2 reduction of 72,716 tons across 1,000 vessels last year. Orca works with global shipping companies including MSC, NYK, Maersk and Seaspan. Future plans highlighted by the company include scaling and expansion, building new products from ingested client data, and expanding its engineering team. Orca AI is a Tel Aviv-based startup that retrofits computer-vision systems onto cargo ships to improve navigation and collision avoidance. Its AI-based navigation and vessel-tracking system uses vision sensors, thermal and low-light cameras plus algorithms to alert crews in difficult or congested waterways. The solution can be fitted to ships already at sea and the company hopes it could introduce autonomous guidance for vessels. Orca AI cites more than 4,000 annual marine incidents, often due to human error, and highlights pandemic-driven crew-change issues and events like the Suez Canal blockage as drivers for adoption. Customers include Kirby, Ray Car Carriers and NYK. The company was founded by naval-technology experts Yarden Gross and Dor Raviv, the latter a former Israel navy computer vision expert. The startup has raised over $15.5 million to date following its latest $13M Series A. Orca AI builds a ship collision-avoidance system that combines thermal and low-light cameras, additional sensors, radar and existing ship sensors to detect nearby vessels and alert crews. Its object-detection models were trained with open-source data, synthetic simulation data, and data from initial trials conducted last fall. The system can alert a captain about a ship up to six miles away and is primarily designed to detect boats near shore and in ports, where most collisions occur. Orca targets commercial vessels that carry dangerous cargo or operate in congested areas, and plans to add a recommendation engine to advise crews on how to avoid obstacles. The company says autonomous vessels will transform the industry and positions its product to support autonomous navigation infrastructure. Orca is based in Tel Aviv and currently has 10 employees.

Participated · Series C · Apr 2025

Canopy is a Draper, UT–based company that offers a comprehensive cloud practice management suite for accounting firms. The platform combines client management, document management, workflow automation, and time & billing in a single system to increase firm efficiency and revenue. It also delivers specialty compliance tools that allow accountants to obtain IRS transcripts and resolve tax notices rapidly. All data processed through Canopy is SOC2 certified and encrypted, emphasizing security for sensitive financial information. The company plans to deploy its newly raised capital to expand operations and broaden its market reach. Its most recent financing totals $35 million, highlighting strong investor confidence in its growth prospects.

Led · Series B · Feb 2023

Bonusly’s platform gives employees a monthly allowance to award small bonuses to colleagues, which appear in a public feed and are tagged with reasons and company values. The product captures and analyzes recognition data to inform HR teams and managers and the company reports an average of two recognitions per user per week. As of January 2023 Bonusly had 3,175 current customers and 396,813 current users. Rewards can be redeemed for popular-brand gift cards, cash, and charitable donations; the company is expanding its rewards catalog and adding non-U.S. redemption options plus travel and experiences at scale. Bonusly is investing in improved analytics and exploring AI features to surface overlooked work and encourage peer-to-peer recognition. The company says it is capital-efficient and employs about 108 people while continuing product and technical improvements. Bonusly is a points-based employee recognition platform that lets organizations allocate points employees can give to coworkers, redeemable via PayPal or vendor partners such as Amazon, Tango Card and Cadooz. Launched in 2013, the platform integrates with collaboration tools including Gmail and Slack and displays a social feed of recognitions in real time. Employers set overall recognition budgets which Bonusly breaks into points allotted to employees; the system includes features like an auto-scale button for multi-jurisdiction scaling and privacy controls for sensitive recognitions. Bonusly emphasizes peer-to-peer participation, reporting that 75% of employees give recognition in the first month of deployment and 80% give each month by the two-year mark. Users have donated over $500,000 through the platform, including more than $100,000 to the WHO in six weeks. The company competes with Kazoo and Motivocity and has raised nearly $14 million in total funding. Bonusly offers an employee recognition and rewards platform that enables organizations to build collaborative, inclusive, and productive team cultures centered on employee connections. The platform integrates with tools such as Slack, MS Teams, Workday, BambooHR, ADP, and Okta. Founded in 2013 by Raphael Crawford-Marks and based in Boulder, CO, the company has scaled usage globally. Last year, users gave more than 2.7 million bonuses across 114 countries and have contributed nearly a quarter of a million dollars to charity. Bonusly intends to use the new funding to scale its technology. The product is positioned for broader enterprise integration through its existing third-party tool connections. Bonusly provides a web platform that helps companies reward and motivate employees through peer-to-peer bonuses and recognition. The product aims to boost team motivation with regular positive feedback, recognize top performers with timely peer bonuses and awards, and create effective incentive programs through peer interactions. Led by co-founder and CEO Raphael Crawford-Marks, the company reports 10,000 active monthly users and has paying customers including ZipRecruiter and Kadence International. Bonusly plans to use new funding to make key hires in engineering, sales, and customer success and to continue building out the platform. Planned product work includes adding more integrations and developing advanced analytics. The company is based in Brooklyn, NY.

Led · Series A · Oct 2022

Alleva is a Laguna Niguel, CA-based company that provides software to the behavioral health industry. Led by CEO Steven McCall, the company offers a cloud-based EMR, an integrated CRM, and a business-intelligence tool to facilitate reporting, compliance, and workflow optimization. Its task-based dashboard and patient-facing tools aim to reduce clinician charting time and provide accessible resources to support recovery. Alleva's team includes licensed therapists, industry professionals, and experienced software developers. The company raised $12M in a Series A round led by Ankona Capital, with participation from existing investor Dealer Socket founder Jonathan Ord. Alleva intends to use the funds to accelerate growth and support product development and expansion. Alleva provides operational, mission-critical EMR software to addiction treatment and behavioral health providers and facilities. Its platform streamlines the daily tasks of medical professionals, allowing them to spend more time tending to their patients. Led by CEO Steven McCall, the company focuses on nurturing patient recovery through its software. Alleva raised a seed round of undisclosed amount led by Jonathan Ord and intends to use the funds to expand its business reach and develop new functionality. The company plans to continue building new feature sets tailored for the behavioral health space. Alleva is based in Laguna Niguel, CA.