Fianu Labs, a groundbreaking software governance automation solution, has successfully raised $2 million in seed funding from DataTribe, a global cyber foundry specializing in investing in and co-building innovative cybersecurity and data science companies.
The challenges of software regulation in regulated industries are profound. The compliance burden associated with each software release involves labor-intensive manual evidence gathering processes, resulting in prolonged release cycles that hinder innovation and result in millions of dollars in lost productivity annually. Furthermore, regulatory focus on software development practices has intensified following recent attacks on the software supply chain. In response, businesses urgently require a solution that streamlines compliance processes and accelerates release cycles.
Fianu Labs is at the forefront of helping businesses navigate the complexities of software regulation by introducing an intuitive approach to governance that instills confidence in each software release. Fianu’s innovative solution captures and maintains a continuous audit trail, documenting the journey of each code change from commit to release. It automates what was once a chaotic manual process, enhancing speed and clarity. Central to Fianu’s offering is its ability to bridge the gap between Security, Quality Assurance, Engineering, and Risk by providing a unified perspective for regulators and auditors. The result is reduced risk, faster release cycles, and simplified audits.
Leo Scott, Chief Innovation Officer for DataTribe and a member of Fianu’s Board of Directors, praised Fianu’s impact, stating, “Fianu is truly revolutionizing secure software development observability. Fianu gives technology and security leaders the confidence to deliver software with the speed they desire and the integrity required.”
As software release patterns have come under increased scrutiny by federal authorities over the past few years, companies are faced with the prospect of increased red tape and higher costs. Recent legal rulings have also expanded the liability of software vendors and their executives. Fianu aims to alleviate these regulatory burdens for established companies while assisting smaller and traditionally less-regulated businesses in adapting to the new era of software development.
Fianu’s platform provides visibility into the software development process through real-time, continuous audits against established risk controls and compliance frameworks. The company ensures that each software release is accompanied by a Software Bill of Attestations (SBOA), which provides immutable and audit-worthy evidence. By leveraging Fianu’s solution, companies can replace cumbersome manual processes with streamlined, intuitive automation that simplifies software governance and compliance.
Michael Edenzon, CEO and co-founder of Fianu Labs, expressed enthusiasm for the partnership with DataTribe, stating, “There is no better team than DataTribe to help us realize our vision of a governance ecosystem that powers a modern approach to continuous delivery under rigorous regulatory requirements.”
Fianu Labs’ innovative approach to software governance automation positions it as a transformative force in an era where software compliance and security are paramount concerns for businesses worldwide.