Myriad AI Secures $7.8M ​In Seed Round

San Francisco, September 16th 2025: Myriad AI, a startup enabling enterprises in heavily regulated industries to track and automate their regulatory obligations in real time, today announced the successful close of a $7.8 million seed funding round, building on strong momentum from earlier backing by top-tier early-stage investors. In tandem with the raise, the company is announcing the creation of its advisory board with seasoned government and industry executives from the U.S. Department of the Treasury, U.S. Federal Reserve, GE Capital, UBS, Coface SA and other leading firms from heavily regulated industries.

Founded by Ralf Schonherr (CEO) and Jan Spidlen (CTO), both San Francisco forged entrepreneurs with extensive experience, Myriad AI is building regulatory AI agents that continuously monitor, interpret, and automate compliance, shifting enterprises from reactive fire-drills to proactive and accelerated regulatory readiness. Its platform uses advanced AI to ingest thousands of daily regulatory updates across jurisdictions and translate them into actionable, company-specific guidance.

“The complexity and velocity of regulatory change is simply overwhelming,” said Schonherr. “We’re building Myriad to be the real-time assistant every compliance, legal, and product team needs, so that responding to change becomes a strength, not a bottleneck.”

Myriad’s core platform is already gaining traction among large financial and insurance organizations. With this latest round, the company plans to scale its engineering team in the EU and US, accelerate global go-to-market activities, and advance AI development.

The $7.8 million seed round was led by US-based VC firm Category Ventures, which backed Myriad AI in its seed round, recognizing the team’s bold vision to transform global compliance with AI. “Companies in regulated industries are drowning in compliance, forced to often spend tens of millions of dollars and employ armies of attorneys just to keep up,” said Villi Iltchev, Founder & Managing Partner of Category Ventures. “Today, the process of manual compliance is flawed - imperfect, slow, and enormously expensive. That’s why we’re excited to support Myriad: they’re solving a massive pain point with a bold vision, exceptional founders and team, and a massive market opportunity.” They were joined by Long Journey Ventures, where partners Arielle Zuckerberg, Cyan Banister, and Lee Jacobs are known for championing visionary founders with transformative ideas, including early investments in Uber, SpaceX, and Postmates. Their belief in Myriad’s potential underscores the company’s ambition to redefine how businesses navigate regulation worldwide. “Myriad is tackling one of the toughest and most consequential challenges enterprises face today: navigating an ever-expanding sea of regulation. At Long Journey, we back founders who don’t just accept the status quo but reinvent it. Ralf, Jan, and the magically weird Myriad team are doing exactly that. Bringing the boldness and technical depth needed to transform compliance from a burden into a competitive advantage for global businesses.”, said Arielle Zuckerberg, General Partner at Long Journey Ventures.

The seed round additionally included participation from 10VC, N1 Ventures, Plug and Play Tech Center, Breakwater VC, Caesar VC, BD Partners and Preston-Werner Ventures founded by Tom Preston-Werner, the co-founder and the first CEO of GitHub. According to investors, Myriad’s deep technical expertise in software and AI, combined with strong early market validation, positions the company as a standout opportunity in the rapidly evolving landscape of next-generation compliance infrastructure.

As part of its mission to transform enterprise compliance into a competitive advantage, Myriad has assembled a world-class strategic advisory board to guide the company’s next stage of growth. The board will provide expertise across product development, sales, partnerships, and operational scale, ensuring Myriad is positioned for enterprise-grade impact.

The advisory board includes Richard Laxer (Former CEO of GE Capital), James (Jim) Freis (Former Director of Financial Crimes Enforcement Network at the U.S. Treasury as well as Former Chief Compliance Officer at the Deutsche Börse Group),, Slav Nakov (Chief Legal & Compliance Officer of Movinx), Joerg Diewald (CEO Business Information & Global Partnerships Coface SA), and Mike Silva (Former senior Federal Reserve official and subsequent Global Chief Compliance Officer at GE Capital and Chief Compliance Officer Americas at UBS).

“Our advisors bring decades of experience navigating complex regulatory environments - from leading global financial institutions to shaping and enforcing government compliance standards,” said Spidlen. “They’ve seen the challenges from both sides of the table, and that perspective is invaluable as we scale Myriad for maximum enterprise impact.”

Myriad AI is a Silicon Valley startup building a global compliance solution grounded in technical excellence and regulatory insight. Operating from offices in San Francisco and Prague, the company combines access to world-class tech talent with a deep understanding of both U.S. and EU regulatory landscapes, enabling it to serve customers across markets from day one.

The U.S. often leads in technology innovation, while the EU frequently sets the pace in creating strong, actionable regulations,” said Ralf Schonherr. “We saw this with GDPR. It raised the bar globally, influencing U.S. regulators to advance their own privacy frameworks, including the California Consumer Privacy Act (CCPA). More recently, the EU DORA approach is changing the way companies understand and manage risks and dependencies on outsourcing including with global cloud service providers. Our presence in both markets ensures we stay ahead of both technological and regulatory trends.”

Myriad AI is an enterprise software company that automates regulatory compliance through artificial intelligence. Its platform continuously monitors global regulatory changes and translates them into tailored, real-time actions for companies operating in heavily regulated industries such as financial services, insurance, and healthcare”. Beyond identifying new requirements, Myriad guides organizations on exactly what steps to take and verifies daily whether they are meeting all of their regulatory obligations.

The company’s mission is to give enterprises complete visibility and control over compliance workflows. Transforming regulation from a slow-moving obstacle into a competitive advantage.

For more information, visit: https://myriad.ai