Formalize
Formalize is a cybersecurity company specializing in GRC, founded in 2021 and headquartered in Aarhus, Denmark. It has raised $56.06M in equity across 3 priced rounds, employs about 237 people, and is privately held.
updated Oct 11, 2026
Formalize Momentum score
64/ 100
Mandos Momentum blends hiring, funding, traffic and sentiment into one score out of 100. The score is free; the pillars behind it unlock in the platform.
Formalize products
FormalizeGRC platform automating DORA, NIS2, ISO 27001, and GDPR compliance workflows
Formalize CyFun Compliance
Formalize funding
Formalize has raised $56.06M in priced equity. Its most recent round was a Series B in October 2025.
- Equity raised
- $56.06M3 priced rounds
- Last round
- Series BOct 2025
Formalize employees and hiring
Formalize has about 237 employees, with 8 open roles.
- Employees
- 237
- 30-day change
- 0%
- Open roles
- 8
Get the Mandos Brief, free.
A free Mandos account opens 1 full company profile a month, the moment you click, plus our research articles and the Mandos Brief every Monday. Use your work email.
- One full company profile a month
- The full Mandos Pacesetters analysis, each quarter
- Research articles
- The Mandos Brief every Monday
Free with your work email. No card. Includes the Mandos Brief every Monday.
The other 440 data points.
- Funding historyevery round, every investor named
- Headcount growthvelocity, departments, seniority
- Open jobs8 live postings, role mix
- Tech stackframeworks, clouds, security
