Stockholm-based Hybridity raises €2 million to automate regulatory compliance through AI
Stockholm-based AI RegTech startup Hybridity has secured €2 million in funding to advance its mission of automating complex EU regulations through artificial intelligence. This capital infusion aims to accelerate the commercialization of its AI platform, Hy5, which is designed to streamline compliance with critical directives like DORA, NIS2, and GDPR. The investment underscores a growing focus on AI-driven solutions for regulatory adherence within the European tech landscape. Hybridity's Hy5 platform leverages AI to automate tasks such as reviewing contracts, identifying compliance gaps, and generating action lists for regulations including CSRD and SFDR. This technology aims to transform how organizations manage regulatory demands, moving away from costly manual processes. The company's CEO highlighted that compliance represents a significant operational barrier for European businesses, costing over €150 billion annually, a problem Hybridity seeks to solve at scale. This funding round positions Hybridity within a burgeoning European RegTech sector, which has seen other companies like Formalize and Dataships also attract substantial investment for their compliance automation solutions. The development signifies a broader trend towards enhancing European digital sovereignty by developing in-house technological capabilities for essential business functions, reducing reliance on external solutions.
Curated and translated by Europe Digital for our multilingual European audience.
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