RADAR, LLC

RADAR, LLC specializes in regulatory risk management solutions, providing tools for privacy, compliance, and AI governance teams to manage risks effectively and automate compliance processes. Founded in 2014 and headquartered in Portland, US, RADAR, LLC offers solutions for regulatory risk management. The company received funding from Vista Equity Partners in November 2018, raising a total of USD 6. 20 mn through a Series A round.

The founder and CEO is CHPC Mahmood Sher-Jan. RADAR, LLC provides a suite of regulatory risk management solutions including the Radar® Regulatory Risk platform. This intelligence-driven platform automates processes such as incident intake, risk scoring, and compliance documentation, serving a variety of sectors including finance, healthcare, and retail. It assists organizations in navigating complex regulations such as HIPAA and GDPR, helping them manage compliance and respond to regulatory changes efficiently.

RADAR, LLC operates on a subscription-based revenue model, allowing clients to access various products including Radar Compliance™, Radar Privacy™, and Radar AI Risk™. Clients typically engage in annual contracts tailored to meet their regulatory challenges, facilitating effective compliance workflows and risk assessments. The pricing structure is proprietary and incorporates tiered features to accommodate various organizational needs. RADAR, LLC plans to leverage its recent funding to enhance its product offerings and expand into new markets.

Upcoming releases include advanced features for the Radar platform, with specific timelines yet to be announced. The company aims to target additional regions across the US and Europe for market expansion by the end of 2023. The investment from Vista Equity Partners will support these initiatives, particularly in product development and market outreach.