GRC Software startups in Australia
There are 534 GRC Software startups in Australia which include SafetyCulture, Cascade, Protecht, IntelligenceBank, reask. Out of these, 87 startups are funded, with 53 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 20 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and Harvard Business School.
Here is the list of top GRC Software startups in Australia
Workplace safety management solutions for businesses. It enables users to digitise and enhance many operational areas by giving tools for inspections, audits, and checklists. The platform enables the digitization of processes, procedures, and rules, resulting in time and paper savings through data capture and report sharing. It also assists organisations in identifying, evaluating, and mitigating risks, optimising processes, and managing quality, safety, and compliance through the digitization of operations and the provision of inspection, audit, and checklist tools, among other things. It allows you to create mobile forms, conduct inspections, report and resolve issues, manage assets, and educate personnel.
Key facts about SafetyCulture
- Founded Year: 2004
- Location: Surry Hills (Australia)
- Stage: Series D
- Total Funding till date: $298M
- Investors: Blackbird Ventures, Insight Partners and 41 Others
- Latest Funding Round: Series D, Sep 09, 2024, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 1,241 Competitors
2. Cascade
Cloud based platform offering software for project management. The platform enables members to create and manage projects in one place. It allows members to set up teams, add individuals to the projects and start executing on strategy, create and assign tasks to each project, and manage risks. It also allows users to visualize strategic plans, set reminders for meetings and reports, upload and share files and collaborate with the team. It also supports integrations with platforms such as Trello, Slack, SAP, JIRA, XERO, etc.
Key facts about Cascade
- Founded Year: 2018
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $40M
- Investors: Telescope Partners, Carthona Capital and 2 Others
- Latest Funding Round: Series A, Mar 23, 2022, $*****
- Tracxn Score: 56/100 What is this?
3. Protecht
Software solutions provider for enterprise governance, risk, and compliance management. It provides AI-enhanced GRC software solutions designed to manage and mitigate risk, enhance resilience, and ensure compliance for organizations. The platform offers features such as incident management, risk assessment, and compliance management.
Key facts about Protecht
- Founded Year: 1999
- Location: Sydney (Australia)
- Stage: Late Stage
- Total Funding till date: $322M
- Investors: Mars Growth Capital, Arrowroot Capital Management and 1 Other
- Latest Funding Round: Unattributed, Mar 24, 2025, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 13 of 543 Competitors
Provider of digital asset management, compliance software, and knowledge management platforms. GRC Solution includes risk register, survey functionalities, compliance management, repository, and reporting. The company serves SMEs blue-chip companies and government agencies through its reseller partners in the United States, Australia, Asia, and Europe. IntelligenceBank Pty Ltd. was founded in 2009 and is based in Southbank, Australia.
Key facts about IntelligenceBank
- Founded Year: 2009
- Location: Melbourne (Australia)
- Stage: Series A
- Total Funding till date: $39M
- Investors: Five Elms Capital and Springboard Enterprises
- Latest Funding Round: Series A, Jul 26, 2021, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 3 of 40 Competitors
5. reask
Risk management solutions for insurers. It offers an AI-based solution that enables institutions to mitigate climate risks. Its features include real-time event response, monitoring of global climate, and more. Its products include ForeCyc for short-term probabilistic tracking of the forecast, HindCyc for post-landfall event response, and more. It enables insurers to understand its exposure to catastrophic events.
