When was Ascent founded?

Ascent was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Ascent located?

Ascent is headquartered in Chicago, United States. It is registered at ascent technologies inc 820 Caspian Ct. E, #200, Monument, CO 80132-2844, US.

How many employees does Ascent have?

As of Sep 30, 2026, the latest employee count at Ascent is 58.

Is Ascent a funded company?

Ascent is a funded company, having raised a total of $26.7M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 01, 2016.

When was the latest funding round of Ascent?

Ascent's latest funding was a $***** Series B round on Nov 04, 2019, with participation from 5 investors.

Where does Ascent rank among its competitors?

Ascent ranks 28th amongst 338 active competitors, of which 58 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Oracle, which secured $77.8M in Feb, 2025.

Who are the top competitors of Ascent?

Ascent's top competitors include Oracle, TrustArc and Broadcom. Among them, Oracle secured the most recent funding round in February, 2025.

Ascent - 2026 Company Profile, Team, Funding & Competitors

Company Details

Ascent provides a cloud-based platform to track and automate regulatory compliance programs to the financial institutions. The product Ascent leverages a proprietary AI and automation technology to convert the rules and documents of a regulatory body into units of intelligence. Features include automated conversion of regulatory compliance into regulatory obligations checklists, compliance & procedure manual documentation, regulatory change tracking, and centralized management. The full platform comprises of selected compliance channels viz. CFTC, CME, CBOT, NYMEX, CBOE, ICE, GIPS, NFA, SEC, and FINRA. Pricing is based on the number of users and the selected channels. As of Jan 2018, the company is developing a lite version of the platform with limited functionalities.

Website: ascentregtech.com
Social
Email ID: *****@ascentregtech.com
Registered Address: ascent technologies inc 820 Caspian Ct. E, #200, Monument, CO 80132-2844, US

Key Metrics

Founded Year

2015

Location

Chicago, United States

Stage

Acquired

Total Funding

$26.7M in 3 rounds

Latest Funding Round

Series B, Nov 04, 2019, $*****

Investors

Alsop Louie Partners & 8 more

Ranked

28^th among 338 active competitors

Employee Count

58 as on Sep 30, 2026

Investment & Acquisitions

WaymarkTech

Similar Companies

Oracle & 843 more

Exit Details

Acquired by Edgewater Capital (Jan 18, 2024)

View Ascent's full profile

Ascent is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Ascent Technologies, Inc. CIN: 20051124348 , United States, Active	Mar 23, 2005	-	4 (As on Dec 31, 2024)	-

Ascent got acquired by Edgewater Capital on Jan 18, 2024.

Click here to take a look at Ascent's acquisition in detail

Ascent has raised a total funding of $26.7M over 3 rounds. Its first funding round was on Sep 01, 2016. Its latest funding round was a Series B round on Nov 04, 2019 for $*****. 5 investors participated in its latest round. Ascent has 7 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Ascent:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 04, 2019	7162107	Series B	9149410	8489661	5610830	9234351
Mar 01, 2018	7530893	Series A	3147322	2267151	8858644	Randall Kroszner & 3 more
Sep 01, 2016	8287329	Seed	3509719	1966729	9983504	2068810

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View details of Ascent's funding rounds and investors

The founders of Ascent are Shrey Gosalia, Jacob Ward and Brian Clark.

Here are the details of Ascent's key team members:

Shrey Gosalia: Co-Founder of Ascent and founder of 2 other companies, Shrey Gosalia - Founder and Docket.
Contact Info: 1 email address
Jacob Ward: Founder of Ascent.
Brian Clark: Founder of Ascent.
Contact Info: 1 email address

Ascent's Board of Directors

Ascent's board has 8 active members. Paul Wood, Jim Gray, Mark Fields, Andy Jenks, Brian Clark, Brian T. Clark, BRIAN T CLARK and Aaron Droba are independent board members.

Here is the list of Ascent's board of directors:

Name	Type	Representing	Status	Duration
Paul Wood	Independent board member	-	Current	8y 6m
prregtr	Independent board member	-	Current	7y 2m
geybtr{	Independent board member	-	Current	5y 6m
giygwig	Independent board member	-	Current	7y 7m
usbbizx	Independent board member	-	Current	5y 6m
{coadat	Independent board member	-	Current	6y 4m
wqfuawo	Independent board member	-	Current	1y 8m
jqpgefm	Independent board member	-	Current	9y 4m

View details of Ascent's Founder profiles and Board Members

Ascent's employee count trend

Ascent has 58 employees as of Sep 26. Here is Ascent's employee count trend over the years:

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Top competitors of Ascent include Oracle, TrustArc and Broadcom. Here is the list of Top 10 competitors of Ascent, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oracle 1977, Austin (United States), Public	Provider of cloud-based enterprise software solutions for applications, platform, and infrastructure management	-	National Science Foundation, Pathstone Federal Street ... & 33 others	83/100
2nd	TrustArc 1997, Walnut Creek (United States), Acquired	Cloud-based data privacy and compliance solutions for businesses	$107M	Bregal Sagemount, Accel & 9 others	78/100
3rd	Broadcom 1991, California (United States), Public	Platform offering data center fiber optic networks	-	Kelvin Capital, The Summit Group & 27 others	78/100
4th	Alteryx 1997, Irvine (United States), Acquired	Cloud based suite of data analytics solutions	$163M	Insight Partners, Sapphire Ventures & 12 others	77/100
5th	Avaloq 1985, Zurich (Switzerland), Acquired	Cloud-based solutions for financial institutions	$301M	Raiffeisen Schweiz, BlackRock & 3 others	76/100
6th	Symphony 2014, New York City (United States), Series E	Compliance management solutions for financial institutions	$461M	Lakestar, UBS & 38 others	76/100
7th	Fireblocks 2018, New York (United States), Series E	Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service	$1.04B	Spark Capital, Stripes & 38 others	75/100
8th	IDnow 2010, Munich (Germany), Acquired	Provider of automated and expert-led identity verification and digital trust services	$40M	Seventure Partners, BayBG Venture Capital ... & 40 others	75/100
9th	Jumio 2010, Sunnyvale (United States), Acquired	Provider of AI-powered identity verification solutions	$201M	Millennium Technology Value Partners, Great Hill Partners ... & 10 others	74/100
10th	EXIGER 2013, New York City (United States), Acquired	Provider of supply chain risk management and compliance software solutions	$80M	Thecarlylegroup.fr, Carrick Capital Partners ... & 3 others	71/100
28th	Ascent 2015, Chicago (United States), Acquired	Cloud-based platform to track and automate financial regulatory compliance	$26.7M	Wells Fargo Startup Accelerator, ING Ventures ... & 7 others	51/100