July 24, 2024 at 08:39AM
Vanta, a security and compliance solutions provider, has raised $150 million in a Series C funding round, bringing their total funding to $353 million. The latest funding, led by Sequoia Capital, values the company at $2.45 billion. Vanta plans to use the funds for expansion and accelerating AI product innovation. The company offers a trust management platform with various capabilities, covering multiple frameworks. With over 8,000 customers, Vanta aims to strengthen security practices and grow businesses.
From the meeting notes:
– Vanta has successfully raised $150 million in a Series C funding round, bringing the total raised to $353 million.
– The funding round was led by Sequoia Capital, with participation from other prominent investors including Goldman Sachs Alternatives, J.P. Morgan, Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures, and Y Combinator.
– The company plans to use the funding to fuel its expansion and accelerate AI product innovation.
– Vanta offers a trust management platform with capabilities including automated compliance, continuous GRC, vendor risk management, and security questionnaire automation.
– The company has achieved over $100 million in annual recurring revenue and boasts over 8,000 customers including major organizations such as Atlassian, Intercom, Quora, and ZoomInfo.
– Christina Cacioppo, CEO of Vanta, emphasized the company’s success in enabling customers to strengthen their security practices and grow their businesses.
Additionally, the meeting notes reference related news:
– Odaseva raised $54 million for its Salesforce enterprise data security platform.
– Pindrop Security raised $100 million to expand deepfake detection technology.
– Exein, an IoT security firm, raised $16.3 million.
– Command Zero emerged from stealth mode to speed up cyber investigations.
This summarizes the key details and related news from the meeting notes.