Announcing Vanta’s $150 million Series C funding

Vanta was founded on a mission to secure the internet and protect consumer data. We got our start in 2018 by automating compliance with information security frameworks like SOC 2, making it faster and easier for companies to demonstrate their security and unblock revenue. 

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We’ve since grown to become the leading trust management platform and helped more than 8,000 companies, including Atlassian, Omni Hotels, Quora, and ZoomInfo, strengthen their security practices, prove trust continuously, and ultimately, grow their businesses. 

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As we accelerate towards our mission of a secure internet, I’m excited to announce today that Vanta has raised $150 million in Series C funding at a $2.45 billion valuation. 

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We’re thrilled to have Sequoia Capital lead the round, with participation from new investors Growth Equity at Goldman Sachs Alternatives and J.P. Morgan, as well as all previous investors, including Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures, and Y Combinator. To me, the continued support from our investors points to the universal need for trust management across all industries and company sizes.

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Having Sequoia triple down on Vanta—including leading both our Series A and Series C rounds—is tremendous validation. This type of sustained, long-term partnership is rare, and it’s a testament to both Sequoia’s vision as well as Vanta’s incredible trajectory as we move the industry from point-in-time checks to continuous trust.

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“Under Christina’s leadership, Vanta has grown into a special and enduring company. Now the clear market leader in Trust Management, Vanta has accelerated upmarket, launched innovative AI features, and delighted many thousands of customers along the way. Sequoia led Vanta’s Series A more than three years ago, and we are equally excited to lead Vanta’s Series C today. We look forward to helping them build a legendary security and compliance company for many years ahead.”  -  Andrew Reed, Partner, Sequoia Capital

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As a founder, I don’t take fundraising lightly. We raised our Series A only when we knew we could put the money to good use, after the company had achieved undeniable product-market fit and surpassed $10M in ARR. We raised our Series B in an environment where macroeconomic headwinds and rising interest rates meant that strong business fundamentals were more critical than ever.

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Our Series C continues this approach of fundraising in response to business demands, not other pressures. We could have raised more this round, but we chose not to because the business is so strong: in January, we shared that we crossed $100M in ARR, and we nearly doubled our customer base this year, with even faster growth outside North America. 

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At Vanta, we talk a lot about leverage, or identifying areas that are really working and doing what we can to accelerate them. The Series C allows us to continue investing in areas of tremendous leverage: accelerating our upmarket momentum by displacing manual, cumbersome GRC tools, solidifying Vanta as the peerless choice for ambitious startups, and deepening our global presence, particularly in the UK and Australia.

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I’m especially excited about our product momentum and how we can use this capital to deliver more for our customers, including with AI.

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This year, we’ve launched AI-powered Questionnaire Automation to help security teams demonstrate trust and complete security reviews five times faster. We also established the world's largest network of Trust Centers and introduced a conversational interface that surfaces answers with AI so teams can proactively demonstrate trust and preempt questionnaires altogether. With AI and continuous controls monitoring, our vision is software vendors and buyers completing zero-touch security reviews.

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To better serve our largest customers, we’ve expanded our enterprise-ready capabilities, including an enhanced REST API, support for SCIM provisioning, and more multi-instance integrations. We’ll continue to add more customizations to the platform so that scaled GRC teams can easily import and automate their existing compliance programs with Vanta.

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We’ve also continued to make compliance even easier for companies of all sizes with a new navigation, policy builder, in-app background checks, and redesigned tests. Helping ambitious startups grow their business and prove trust is core to Vanta’s DNA, and we’ll introduce more features to make Vanta a one-stop shop for companies setting a security foundation.

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In total, we launched over 260 new product features this year alone, and these product innovations continue to deliver real value for our customers. With Vanta: 

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• Modern Health saves 100+ hours per year on compliance and security tasks through automation 
• SmartRecruiters saves 20 hours per week across their pre-sales team with a streamlined security review process
• ZoomInfo satisfies 90% of their inbound security requests with their Trust Center and automates 8-10 security reviews a day

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We’re in the early innings of building an enduring product and company that will define what it means to be trustworthy in an AI world. Thank you to our customers, partners, and Vanta’ns globally for building the future of trust with us. If you’re interested in joining us, check out our open roles. 

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