anecdotes, which identifies as the first operating system (OS) for compliance, has collected $25m in its Series A funding round.
Red Dot Capital Partners, an Israel-based venture capital fund, served as the lead investor, with commitments also coming from Vintage Investment Partners, Shasta Ventures, Glilot Capital Partners and Aleph.
Funds from the investment will help anecdotes develop new applications that are aimed at fast-growing companies.
This investment comes after strong growth for anecdotes, which includes commercial agreements with Similarweb, Riskified, Fiverr, Unity and more.
Anecdotes acts as a base for all compliance related processes. It continuously collects and maps data from dozens of systems, including AWS, Snowflake, Cloudflare, GitHub, Datadog, and more.
anecdotes co-founder and CEO Yair Kuznitsov said, “You just can’t shake the feeling that Compliance, and all those who work in the field, feel like the forgotten ones in the security community.
“Compliance is too often left fighting for the scraps — taking screenshots, working out of spreadsheets, and manually ticking boxes. The tools available to them now are essentially templates for meeting basic requirements and passing audits, offering very little scalability and customization needed to facilitate growth.
“By breaking down siloed processes, replacing outdated manual activities with automation, and establishing an underlying fabric via which Compliance posture can be monitored and understood at all times, we transform Compliance from a burden into a driver for growth and expansion.”
As part of the deal, Red Dot managing partner Barak Salomon and principal Atad Peled will join anecdotes’ board of directors.
The RegTech company previously raised $5m in February 2021 and since then it has seen a 175% increase in hypergrowth and post-IPO commercial customers.
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