Existing investors Goldman Sachs and Kaiser Permanente Ventures also contributed to the financing round, MetricStream said in a release.
With the new investment, Ned Gilhuly, Co-Founder & Managing Partner of Sageview Capital, will join MetricStream's Board of Directors, it added.
MetricStream said it is a provider of enterprise and cloud applications for GRC. Organisations world-wide utilise its GRC applications, as well as Zaplet apps developed by the company's partners, for effective corporate governance, risk management, regulatory compliance, and business performance.