Roughly two and one-half years after teaming-up to drive growth at C2 Labs, a digital transformation services company, Anil Karmel and Travis Howerton announced yesterday that they are spinning out the product development component and its inaugural product named Atlasity into a new company. Named RegScale, the new venture is focused on delivering continuous compliance automation for highly regulated public and private sector entities.
Management Solutions, LLC’s wholly owned subsidiary, Project Controls Solutions (PCS) recently won the Global Project Controls Transformation Project of the Year for their Academic Certificate program and first of its kind, Project Controls Maturity Assessment© (PCMA©) at the 2021 Project Controls Expo. To win this award, judges were looking for the outputs and outcomes of the organizational and cultural transformation change while acknowledging the essential role that project controls have in delivering project success. They indicated PCS’s assessment and academic certificate program with change the entire project controls industry for years to come.
The East Tennessee Purchasing Association’s Diversity Business Alliance is making efforts to
improve its directory of Disadvantaged Business Enterprises (DBEs), including minority-, woman-
and veteran-owned small businesses.
The Nuclear Regulatory Commission has accepted for review an application from Kairos
Power for a permit to construct a test reactor at a site in Oak Ridge, Tennessee. Kairos submitted
the first portion of the application on Sept. 29, and the remainder on Oct. 31.
Newly Launched RegScale Announces $1.5M Early Funding Round and Key Customers for Its Security and Compliance Automation Software Platform
WASHINGTON–(BUSINESS WIRE)–RegScale, delivering continuous compliance automation for highly regulated public and private sector entities, was formally launched to the market today after spinning out from C2 Labs, a digital transformation services company. As part of this launch, RegScale also announced that it has secured an early funding round of $1.5M with participation from Virginia Innovation Partnership Corporation (formerly CIT), New Dominion Angels and several strategic investors, along with significant customer traction.
The US Nuclear Regulatory Commission (NRC) has issued a draft safety evaluation report indicating its initial acceptance of Kairos Power’s source term methodology for its Kairos Power fluoride salt-cooled high temperature reactor (KP-FHR). The topical report, which Kairos submitted to the regulator in June 2020, is the first of its kind to be reviewed by the NRC.