Jeremy Gerst, former CFO of the Norwegian unicorn reMarkable, has decided to take the reins at the burgeoning Norwegian AI startup, ComplAi. Gerst, renowned for his pivotal role in Remarkable’s impressive growth from 13 to over 300 employees, is set to bring his financial acumen to ComplAi’s cloud platform that utilizes artificial intelligence to simplify and streamline compliance work. Gerst’s financial expertise positions him to lead ComplAi’s goal of becoming a global leader in compliance technology. The platform streamlines the audit process and supports businesses in meeting standards. Founder Jørgen Kadal, with 30 years of experience, will stay on as Chief Product Officer. Gerst takes over as CEO in January.
Before his tenure at reMarkable, Gerst amassed valuable experience working with the consulting giant Boston Consulting Group in Silicon Valley and Oslo. His appointment at ComplAi comes as the startup is gaining traction in the industry, having secured several major cosmetics companies as clients within just two years of its inception.
ComplAi, valued at 60 million Norwegian kroner (€5M) after an 18 million (€1.5M) funding round from DNV Venture, Vestland Invest, and Runway FBU, aims to revolutionize compliance technology. The platform, designed to centralize the audit and compliance process, has already found resonance in a business landscape where compliance is increasingly becoming a key performance indicator (KPI).
Erik Langaker, Chairman of the Board and cornerstone investor with Vestland Invest, expressed enthusiasm about Gerst’s appointment.
“I’m delighted to welcome Jeremy during this exciting time for the company. As compliance becomes a larger part of the business world, it is also becoming an increasingly integral part of companies’ KPIs. Jeremy has the perfect background to help us navigate challenging market conditions and deliver a product tailored for our customers,” he said.
The startup’s ambition is to become an international leader in compliance technology, with a focus on climate and social responsibility. ComplAi’s AI-based platform facilitates collaboration among stakeholders by centralizing documentation and evidence, essential for businesses to uphold transparency and responsibility throughout their supply chains.
Jeremy Gerst, eager to embark on his “dream job,” emphasized the importance of ComplAi’s technology in supporting businesses on their journey towards greater transparency and responsibility, especially in a market where the focus on climate and social responsibility is intensifying.
“I look forward to ensuring that the product supports the business world’s journey toward greater transparency and responsibility. In a market where companies’ focus on climate and social responsibility is increasing, control over supply chains is crucial. ComplAi’s technology is exactly what I’ve been looking for in previous roles as CFO,” he stated.
ComplAi’s innovative approach to compliance technology stems from founder Jørgen Kadal’s 30 years of experience in certifications and digitalization projects at DNV. Recognizing the cumbersome nature of compliance work, Kadal started ComplAi to address the challenges he personally encountered.
In a seamless transition planned for January, Gerst will take over as CEO from Kadal, who will continue as the Chief Product Officer. Kadal expressed his excitement about the new phase for the company.
“It’s been fantastic to be a part of building the company and the team to what it is today, but now we’re entering a new phase where we need different resources. I’m very happy that Jeremy is taking the helm so I can focus on domain expertise and product development. With Jeremy’s commercial talent, I believe we complement each other perfectly,” he commented.
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Read the orginal article: https://arcticstartup.com/complai-hires-jeremy-gerst-as-ceo/
