{"id":396417,"date":"2020-12-09T09:03:32","date_gmt":"2020-12-09T14:03:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396417"},"modified":"2020-12-09T09:03:32","modified_gmt":"2020-12-09T14:03:32","slug":"cibc-innovation-banking-provides-redica-systems-with-a-4-million-growth-capital-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cibc-innovation-banking-provides-redica-systems-with-a-4-million-growth-capital-financing\/","title":{"rendered":"CIBC Innovation Banking Provides Redica Systems With a $4 million Growth Capital Financing"},"content":{"rendered":"

<\/p>\n

CIBC Innovation Banking Provides Redica Systems With a $4 million Growth Capital Financing<\/i><\/b><\/p>\n

PLEASANTON & MENLO PARK, Calif.–(BUSINESS WIRE<\/a>)–
\nCIBC Innovation Banking is pleased to announce a $4 million growth capital financing for Pleasanton-based Redica Systems (formerly Govzilla), a cloud-based regulatory and compliance platform that provides data and insights to quality and safety professionals in regulated industries globally.\n<\/p>\n

\nRedica Systems enables pharma, medical device and food manufacturers to use data and AI to reduce risk in large manufacturing environments and ensure regulatory compliance. The company\u2019s unique platform provides customers with insights to continuously improve compliance, reduce supplier risk and increase team efficiency.\n<\/p>\n

\n“Redica Systems helps simplify the complex world of regulations and enforcement,\u201d said Kevin Grossman, Managing Director in CIBC Innovation Banking\u2019s Denver office. \u201cWe\u2019re impressed with the wide adoption of Redica\u2019s platform and excited to help them continue their growth.”\n<\/p>\n

\n\u201cWe have worked closely with our customers in order to shape Redica\u2019s strategic focus, which involves using actionable data intelligence to build up to an entirely new way of thinking about, simplifying, and guiding regulatory compliance,\u201d said Michael de la Torre, Redica Systems Chief Executive Officer. \u201cNow, we are excited to work with CIBC Innovation Banking to fund that strategy and our continued growth.\u201d\n<\/p>\n

\nExisting Redica Systems investors include Rock Creek Capital.\n<\/p>\n

About CIBC Innovation Banking<\/b><\/p>\n

CIBC Innovation Banking<\/a> delivers strategic advice, cash management and funding to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, New York, Reston, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC\u2019s commercial banking and capital markets businesses in the U.S. and Canada.\n<\/p>\n

About Redica Systems<\/b><\/p>\n

\nRedica Systems is a technology company using data, analytics and expertise to deliver meaningful insights to quality and safety professionals around the world. By applying artificial intelligence to large and disparate government and customer data sets, Redica empowers its customers to improve compliance, increase product quality, and build a more efficient organization using the first and only quality and regulatory intelligence (QRI) platform. Founded in 2010, Redica serves over 200 customers in the pharma, medical devices and food industries, including 19 of the top 20 pharma companies and 9 of the 10 top medical devices companies. Its headquarters are in Pleasanton, CA. More information is at redica.com.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201209005061\/en\/<\/a><\/span><\/p>\n

\nKatarina Milicevic, katarina.milicevic@cibc.com<\/a>, 416-586-3609\n<\/p>\n

KEYWORDS:<\/b> California United States North America Canada<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Data Management Technology Software Finance Venture Capital Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

CIBC Innovation Banking Provides Redica Systems With a $4 million Growth Capital Financing PLEASANTON & MENLO PARK, Calif.–(BUSINESS WIRE)– CIBC Innovation Banking is pleased to announce a $4 million growth capital financing for Pleasanton-based Redica Systems (formerly Govzilla), a cloud-based regulatory and compliance platform that provides data and insights to quality and safety professionals in regulated industries globally. Redica Systems enables pharma, medical device and food manufacturers to use data and AI to reduce risk in large manufacturing environments and ensure regulatory compliance. The company\u2019s unique platform provides customers with insights to continuously improve compliance, reduce supplier risk and increase team efficiency. “Redica Systems helps simplify the complex world of regulations and enforcement,\u201d said Kevin Grossman, Managing Director in CIBC … <\/p>\n

Continue reading “CIBC Innovation Banking Provides Redica Systems With a $4 million Growth Capital Financing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396417","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCIBC Innovation Banking Provides Redica Systems With a $4 million Growth Capital Financing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cibc-innovation-banking-provides-redica-systems-with-a-4-million-growth-capital-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIBC Innovation Banking Provides Redica Systems With a $4 million Growth Capital Financing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CIBC Innovation Banking Provides Redica Systems With a $4 million Growth Capital Financing PLEASANTON & MENLO PARK, Calif.–(BUSINESS WIRE)– CIBC Innovation Banking is pleased to announce a $4 million growth capital financing for Pleasanton-based Redica Systems (formerly Govzilla), a cloud-based regulatory and compliance platform that provides data and insights to quality and safety professionals in regulated industries globally. Redica Systems enables pharma, medical device and food manufacturers to use data and AI to reduce risk in large manufacturing environments and ensure regulatory compliance. 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