Greenboard Raises $20M for AI-Native Securities Compliance — Serves 500+ Financial Institutions, Replacing Vanta/Manual Processes

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Greenboard, an AI-native compliance platform for SEC and FINRA-regulated firms, announced $20M in total funding including a previously undisclosed $15.5M Series A led by Base10 Partners (May 12, 2026). The platform serves 500+ financial institutions and positions itself as a 'system of action' rather than a document repository, automating compliance workflows that previously required manual review. This represents AI eating into the regulatory compliance vertical — replacing both legacy GRC tools and manual processes simultaneously.