Complyt

Company Overview

Snapshot

Founded in October 2021 by Tal Bar, Complyt operates with 11–50 employees. The company has raised $5 million across one funding round from one investor, VAT IT Ventures. In May 2023, Complyt announced a partnership with Scytale to enhance its security compliance through SOC 2.

Business overview

Complyt delivers automated sales tax compliance solutions designed for businesses of all sizes, spanning various industries such as SaaS, retail, e-commerce, and professional services. Its platform streamlines the monitoring, calculation, filing, and remittance of sales taxes within the U.S., ensuring adherence to diverse state and jurisdictional regulations. The company operates within the Fintech & Insurtech sector, focusing on Financial Operations Software, utilizing Artificial Intelligence and Software platforms.

Strategic signal

In May 2023, Complyt partnered with Scytale to automate its security compliance processes and pursue SOC 2 Type II attestation. This collaboration is critical for Complyt as it underscores its commitment to data protection and security, which is a key differentiator for businesses handling sensitive financial data. For investors, this signals a proactive approach to operational maturity and risk management, enhancing the company's credibility and market readiness.

Company Intelligence Q&A

When was Complyt founded?

Complyt was founded in October 2021.

Who are the founders of Complyt?

Tal Bar is a co-founder of Complyt.

What is Complyt's primary focus?

Complyt provides automated sales tax compliance solutions to businesses across various industries, helping them monitor, calculate, file, and remit sales taxes in the U.S.

What was a key strategic partnership for Complyt in 2023?

In May 2023, Complyt partnered with Scytale to enhance its security compliance through SOC 2, aiming to automate its compliance processes and achieve SOC 2 Type II attestation.

How much capital has Complyt raised?

Complyt has raised $5 million across one funding round.