Vanta closes $50m funding round to launch new products, expand footprint

San Francisco-based cybersecurity firm Vanta has closed a $50m funding round led by Sequoia Capital with participation from Y Combinator.

According to Vanta, the company will use the capital to meet customer demand, introduce new products and open a second office in New York.

Founded in 2017, Vanta is an automated security and compliance firm that claims to be a ‘layer of trust’ on top of cloud services to help secure the internet, increase trust in software companies, and keep consumer data safe.

The company also enables firms to prepare for the SOC 2 auditing procedure through an automated monitoring platform that connects to services such as Google Cloud, Amazon Web Services, Slack, Okta and Github. SOC 2 is designed to assess the security of service providers storing customer data in the cloud.

Vanta CEO and co-founder Christina Cacioppo said, “I co-founded Vanta in 2017 because I saw that security was often just a buzzword for companies, rather than core to how they build products.

“No one wants to put customers’ data at risk, but it’s easy for teams to prioritize other features over tougher (and often more critical) security groundwork – until it’s too late. When a data breach exposes consumer data, as over 150 million Americans experienced last year alone, we all lose trust in the software that increasingly powers our lives.”

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.