Vanta's latest funding round lifts the company valuation to roughly $4 billion, up from $2.45 billion last year.
Atlassian and CrowdStrike are among the companies that have joined in the latest funding round for Vanta, a startup that helps companies manage security and privacy compliance.Christina Cacioppo, co-founder and CEO of Vanta, speaks at the TechCrunch Disrupt conference in San Francisco on Oct.
29, 2024.Vanta, a startup with software for managing compliance with cybersecurity and privacy standards, said Wednesday that it closed its latest fundraising round at a roughly $4 billion valuation.Christina Cacioppo, Vanta's co-founder and CEO, declined to specify the company's revenue but said its growth rate is "in the ballpark of the best SaaS companies," referring to software as a service vendors. Deal sizes are growing and more clients are coming onboard, she said. The startup, which tracks adherence to frameworks such as SOC 2 and ISO 27001, boasts more than 12,000 customers. Many of them sell software to large companies, including, Cacioppo said. But Vanta can also help businesses outside of the tech industry more quickly complete security reviews before engaging outside suppliers. Cacioppo and Erik Goldman started the San Francisco-based company in 2018 and have built it up to more than 1,000 employees. Competitors include Auditboard and Drata. Vanta has raised $504 million since 2021. The company hasn't touched any of the $150 million it raised last year, Cacioppo said.This is one of the most attractive opportunities for income, Vanguard says. Here's what the firm likes
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