Huge congrats to Christina Cacioppo and the entire Vanta team on their $150M Series C! Their customer base that has doubled to over 8,000 is a testament to their customer-first approach, and we look forward to their next milestone.
Thrilled to announce we’ve raised $150mm Series C at a $2.45bn post valuation led by Sequoia Capital alongside all our existing investors – Y Combinator, CrowdStrike, Atlassian, HubSpot, Workday, and Craft Ventures – and new investors Goldman Sachs and J.P. Morgan. The terms on this round are exactly as we aim Vanta experiences to be: straightforward and clean. I couldn’t be more proud of how we’ve put customers first since the Series B two years ago. That daily work shows up in this round and in our output metrics: Vanta now has over 8000 customers, almost 2x as many as last year – we’re adding customers faster than ever before; our customer growth outside of the US is faster than inside; and Trust Management is starting to catch on. We didn’t need to raise this round – we had ⅔ of the Series B in the bank – but we chose to in order to better serve our customers: 🤖 We’re building AI and LLM-enabled features for our customers first, not for ourselves. Questionnaire Automation is actually really good – 80-90% answer approvals! – and Trust Center chat quite useful. Smart Recruiters saves 20 hours each week with a streamlined security review process. 💼 We are squarely displacing legacy GRC tools, which is quite impactful; there are lots of legacy workflows for software and automation to improve. Modern Health saves over 100 hours annually on security and compliance with Vanta. 🐣 We are still, and always aim to be, the best place for a nascent-but-ambitious startup to kickstart their security and compliance programs. incident.io built trust with huge enterprises when they were just three founders around a kitchen table because of the work they did in Vanta. Thank you to our customers, past and present, for supporting us and teaching us what’s most important to you. You improve us every single day. Thank you to Vanta’ns, past and present, for taking a bet on us with your time and careers. From our early days as “the llama company” to the slicker Trust Management Platform we’ve become, none of this would have happened without you. It remains the privilege of my career to hold a megaphone to your work.