Vanta, a San Francisco, CA-based trust management platform that helps simplify and centralize security for organizations of all sizes, has raised $150 million in Series C funding round at a valuation of $2.45 billion.
Investors
The round was led by Sequoia Capital, with participation from new investors including Growth Equity at Goldman Sachs Alternatives and J.P. Morgan, alongside existing supporters such as Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures, and Y Combinator. This latest infusion brings Vanta's total funding to $353 million since its inception in 2021.
Sequoia Capital, headquartered in Menlo Park, California, is a venture capital firm specializing in seed-stage, early-stage, and growth-stage investments across technology sectors, helping founders build legendary companies from inception to IPO and beyond.
Vanta Use of Funds
The company plans to use the funding to further its expansion into the upmarket by replacing outdated, manual Governance, Risk, and Compliance (GRC) solutions, enhancing its global footprint, and driving advancements in its AI product offerings.
About Vanta
Vanta provides a trust management platform that helps organizations automate and streamline their compliance, security, and risk management processes. Founded in 2021, Vanta is used by over 8,000 companies, including notable enterprises like Atlassian, Omni Hotels, Quora, and ZoomInfo. Vanta's innovative features include AI-powered Questionnaire Automation, Trust Centers, Vendor Risk Management, and an extensive network of integrations and APIs. Founded in 2018, Vanta has customers in 58 countries with offices in Dublin, New York, San Francisco, and Sydney.
Funding Details
Company: Vanta, Inc.
Raised: $150.0M
Round: Series C
Funding Month: July 2024
Lead Investors: Sequoia Capital
Additional Investors: Goldman Sachs Alternatives, J.P. Morgan, Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures, Y Combinator
Company Website: https://www.vanta.com/
Software Category: Security and Compliance Solution
Source: https://www.businesswire.com/news/home/20240724141626/en/