Auxilius, a Germany-based startup developing AI-powered
governance, risk and compliance (GRC) automation software, has raised around
€1.3 million in a pre-seed funding round. The investment was led by High-Tech Gründerfonds (HTGF), with participation from Techstars and several
industry-focused business angels.
Founded by Christian Hoppe and James Barnes, Auxilius helps
enterprises automate governance, risk and compliance processes. The platform
converts company policies, risk and control frameworks, and regulatory
requirements into deterministic code that continuously assesses risk coverage
and executes controls.
The company aims to address the reliance on manual
compliance processes, where organisations often collect evidence through
spreadsheets, screenshots and sample-based audits.
By automating controls and
evaluating entire datasets instead of selected samples, Auxilius enables
continuous monitoring and assurance while helping businesses respond more
quickly to regulatory and operational changes.
We’re building a new model for assurance: continuous,
auditable, and aligned with the decisions C-level teams have to make under
regulatory pressure. The gap we close is between what’s mission-critical for
the business and what the underlying data can truly support with auditable
evidence. That’s when a control stops documenting compliance and starts
informing the decision,
said Christian Hoppe, CEO and co-founder of Auxilius.
The funding will be used to expand Auxilius’ engineering
and domain teams and further develop its Control Intelligence knowledge graph,
which enables automated controls to be deployed across multiple business
processes and updated as regulations and operational requirements evolve.
The company says it is already working with its first
paying enterprise customers, including European banks and industrial groups,
where its platform is being used to expand control coverage while reducing
manual effort.