Fenway Summer season led the pre-seed spherical, with participation from Plural Ventures and angel buyers.
An AI native platform for enterprise danger administration co-founded by Kerry-native Daniel Nolan has emerged from stealth following a $1m pre-seed spherical.
Funding into the start-up, referred to as Prism Layer, was led by Fenway Summer season, with participation from Plural Ventures and angel buyers.
Nolan and his co-founders Simone Garreau and Chandra Bradley had been previously danger executives at Block. Their new three way partnership goals to deal with danger administration in enterprises, one thing they are saying hasn’t “meaningfully modified” over the previous twenty years.
The Washington DC-based firm stated early alpha customers of their device have already seen enterprise danger assessments accomplished in days, as an alternative of months. It’s at the moment onboarding its first enterprise prospects.
“The strain between enterprise pace and danger evaluation pace will not be a folks downside, it’s a tech and infrastructure downside,” stated Garreau, the corporate’s CEO. “Regulated industries have been managing that stress for 20 years as a result of the power to resolve that didn’t exist.”
Prism Layer encodes an organisation’s danger frameworks regulatory context, and institutional information into an agentic execution layer that produces danger evaluation.
“Prism Layer is fixing probably the most consequential and persistently underestimated issues in regulated industries,” stated Raj Date, the Managing Accomplice at Fenway Summer season.
“The pace hole between enterprise execution and danger evaluation will not be a aggressive inconvenience. It’s a systemic legal responsibility. Simone and her workforce have the area depth and the technical structure to shut this important hole.”
Nolan, who lives in Cork, has labored in danger frameworks throughout the US, Europe and Australia, with expertise working with authorities our bodies.
Whereas Garreau’s enterprise danger expertise additionally spans Western Union, Robinhood and Remitly. Bradley has beforehand labored with Visa and Oportun.
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Up to date, 1:20pm, 7 April 2026: The headline and physique of the article had been up to date to replicate the correct quantity raised in Prism Layer’s funding spherical.
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