Abstract, an AI-powered regulatory risk management platform, has raised $4.8 million in seed funding.
The funding will be used to enhance the platform's ability to analyze and derive insights from various data sources like draft legislation, public comments, and regulatory discussions.
Abstract's platform provides tailored insights into 'risks' and 'opportunities' for businesses, allowing them to proactively respond to proposed bills and regulatory changes.
The platform pulls real-time information from government bodies, social media, and news channels to flag relevant developments and provide trends seen across jurisdictions.