MetricStream, a Governance, Risk and Compliance (GRC) solutions provider, today said it has raised USD 60 million in a strategic financing round led by top investment firm Sageview Capital.
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.
"This investment, led by Sageview Capital, will further enable us to accelerate our innovation and market leadership," Shellye Archambeau, CEO of MetricStream said.
