January 10, 2024 at 09:45AM
Anecdotes, a GRC solutions provider, has raised $25 million in Series B funding, totaling $55 million in investments. Led by Glilot Capital Partners and supported by other investors, Anecdotes plans to use the funding to enhance its products and expand in the US, EMEA, and APAC. The startup’s Compliance OS product aims to simplify compliance and auditing processes by collecting data from various systems.
Key Takeaways from the Meeting Notes:
– Anecdotes, a GRC solutions provider, has raised $25 million in a Series B funding round, bringing the total investment in the company to $55 million.
– Glilot Capital Partners led the funding round, with participation from Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures.
– The funding will be used to enhance its products and fuel expansion in the US, EMEA, and APAC regions.
– Anecdotes’ Compliance OS product automatically collects data from various systems to facilitate compliance, risk, and auditing requirements.
– The platform supports over 120 integrations with different solutions, and the company has offices in the US and Israel.
– Anecdotes’ customer base has expanded significantly in the US, including organizations such as Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, and Payscale.
– Mario Duarte, VP of security at Snowflake, commended Anecdotes’ compliance technology for enhancing efficiency and continuity in their compliance program.
These key takeaways highlight Anecdotes’ recent funding, product capabilities, international expansion plans, customer base growth, and positive feedback from clients like Snowflake.