[Funding alert] Sprinto Secures $20 Mn Equity Funding from Accel, Elevation Capital, Blume Ventures

With participation from current investors Elevation Capital and Blume Ventures, Accel led an equity investment round of $20 million for Sprinto.

The capital will go towards growing into emerging markets, enhancing the client experience, and doing research and development (R&D).

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"With this new round of funding, we will double down on our R&D efforts, with a sharp focus on AI and intelligent automation. We will enrich core risk and compliance modules with these cutting-edge capabilities, especially in third-party risk management and internal risk management, and transform them into standalone products," said cofounder and chief executive Girish Redekar.

With the goal of enabling companies to prioritise risk management, adhere to different security standards, and develop confidence, Sprinto was designed and developed.

"We are thrilled to deepen our partnership with Sprinto as they continue to disrupt cloud security and compliance," said Ravi Adusumalli, co-managing partner, Elevation Capital.

About Sprinto

Girish Redekar and Raghuveer Kancherla founded Sprinto in 2020. It provides a whole toolkit to manage cyber risk and legal requirements, enabling companies to function within legal frameworks.

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