[Funding News] Vanta Raises $150 Mn Funding Round from Sequoia Capital

Vanta, an online security and compliance management platform has secured $150 million in a recent investment round. The funding was spearheaded by venture capital company Sequoia Capital, resulting in a valuation of $2.45 billion for Vanta.

U.S. venture capital firms are showing interest in companies that are using artificial intelligence (AI) after a period of two years with limited activity due to high interest rates and a slow market for startup investors.

Vanta assists its clients in expediting security monitoring and obtaining compliance certifications by implementing process automation.

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The company has a customer base of over 8,000, which includes prominent entities such as Microsoft-owned developer platform GitHub, hiring site SmartRecruiters, and database company ZoomInfo.

Vanta secured $50 million in funding in 2021 through a round led by Sequoia Capital, who also participated in their subsequent fundraising round the following year. In 2022, the company's valuation reached $1.6 billion after successfully raising $110 million.

About Vanta

Founded in 2018 by Christina Cacioppo, Vanta is the leading trust management platform that helps simplify and centralize security for organizations of all sizes.

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