Convercent Secures $25 Million

Enterprise IT startup Convercent closed $25 million in financing, led by Rho Ventures, with participation from Sapphire Ventures and Tola Capital.

Convercent’s ethics cloud platform and global compliance and ethics software solutions help companies engage with employees, understand organizational risk, and create opportunities for stronger, sustained business performance as they build a more ethical corporate culture. According to the company, Convercent has 600 customers, including Microsoft, Tesla, Four Seasons Hotels and Resorts, Capgemini, and Under Armour.

Convercent will use this latest round of funding for improvements and application development for its ethics cloud platform.