What the data shows is What's fascinating this is Atlassian and CrowdStrike are among the companies that have joined in the funding round for Vanta, a startup that helps companies manage security and privacy compliance.
Vanta has gained adoption from many enterprise software vendors (remarkable data) (this bears monitoring), considering recent developments.
Christina Cacioppo, co-founder and CEO of Vanta, speaks at the Crunch Disrupt conference in San Francisco on Oct, in today's financial world.
David Paul Morris | Bloomberg | Getty ImagesVanta, a startup with software for managing compliance with cybersecurity and privacy standards, said Wednesday that it closed its fundraising round at a roughly $4 billion valuation.
Furthermore, The $150 million round, which included funding from CrowdStrike's venture arm, represents a valuation increase from $2. Conversely, 45 billion last year.
The data indicates that jump reflects continued corporate investment in tools designed to limit fallout from cyberattacks, given the current landscape.
In recent days Microsoft rolled out to its Point collaboration software after Chinese hackers gained access to customer data by exploiting a vulnerability.
Furthermore, 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, considering recent developments.
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 Atlassian and Snowflake, Cacioppo said (which is quite significant), in light of current trends.
Nevertheless, But Vanta can also help es outside of the industry more quickly complete security reviews before engaging outside suppliers, in light of current trends.
Additionally, Cacioppo and Erik Goldman started the San Francisco-based company in 2018 and have built it up to more than 1,000 employees.
Moreover, Competitors include Auditboard and Drata, amid market uncertainty.
In addition to CrowdStrike Ventures, other investors in the round included Wellington Management, Atlassian Ventures, JPMorgan Chase and Sequoia Capital.
On the other hand, Vanta has raised $504 million since 2021, in today's financial world. However, The company hasn't touched any of the $150 million it raised last year, Cacioppo said.
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