Vanta secures $150 million value company at $2.45 billion

Vanta secures a $150 million value company from its Series C funding round, Vanta is gearing up to drive expansion and develop AI innovation.

On Wednesday, Vanta secures $150 million value company a provider of security and compliance solutions, and revealed that they have secured $150 million in funding through their Series C round.

With this new investment added to their other funds raised thus far, the company’s total accumulated amount reaches up to $353 million.

Sequoia Capital led the most recent funding round, which set the company’s value at $2.45 billion. Other participants include Growth Equity from Goldman Sachs Alternatives, J.P Morgan, Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubsPortVentures, Workday Venture, and Y Combinator.

Vantaplans intends to utilize the funds for propelling its growth and expediting advancements in AI product development.

The trust management platform provided by the company includes features such as automated compliance, continuous GRC, vendor risk management, and automation of security questionnaires.

Covered frameworks include SOC 2, ISO 27001, GDPR, HIPAA, HITRUST CSF, USDP, NIST AI RMF, ISO 42001, as well as custom frameworks.

Early 2024

Vanta achieved an annual recurring revenue of over $100 million. The company boasts a customer base of more than 8,000 which includes notable organizations like Atlassian, Intercom, Quora and ZoomInfo.

Christina Cacioppo Stated

“Vanta, under my leadership as CEO, has gone from being an innovator in automated compliance to now leading the market in trust management. We have empowered numerous customers with stronger security practices which ultimately contributed towards growing their businesses,”

Cacioppo expressed appreciation for Sequoia’s continued investment and support in Vanta, noting that it demonstrates how trust management can replace outdated GRC tools and manual processes. He also acknowledged the industry-leading status of this particular investment firm.

Conclusion

Vanta, a security and compliance solutions provider, has secured $150 million in funding through a Series C round led by Sequoia Capital, raising its total accumulated amount to $353 million.

The funding will be used to accelerate growth and AI product development.

Vanta’s trust management platform offers features like automated compliance, continuous GRC, vendor risk management, and automation of security questionnaires.

With an annual recurring revenue of over $100 million, Vanta has a customer base of over 8,000, including Atlassian, Intercom, Quora, and ZoomInfo.