VentureBeat

Agiliance, a San Jose, Calif. startup that offers IT tools to help companies comply with regulations and manage their risk, has raised a $10 million round of funding.

In today’s complex regulatory environments, many companies are looking past finance officers and accountants to software that can help out. The growing space is known as IT governance, risk and compliance (GRC).

We’ve recently reported other fundings for related companies: Mimosa, an electronic archiving startup, raised $17 million and is looking to have an IPO, and Vantos, which makes software for auditing and internal investigation, raised $10.6 million.

The $10 million that Agiliance took was led by new investor Castile Ventures, with participation from Intel Capital, Walden International and Red Rock Ventures.