Aveksa raises $6M Series A round of funding - Waltham, MA

Aveksa officially launched its business today as a provider of identity-driven, compliance automation software. The company was established to help customers ease the burden of regulatory compliance by enabling them to automate and continually monitor access-related controls that are critical for complying with Sarbanes Oxley, HIPAA, GLBA, Basel II and other security and privacy regulations.

The company also announced that it has closed $6 million in a Series A round of venture funding led by Charles River Ventures and Pequot Ventures. The funds will be used for product development, business development, recruiting and general operations.

http://www.aveksa.com/_Aveksa/web/news_events/press_6-14-06.aspx