Vanta

Vanta graduated from Y Combinator in 2018 and was largely bootstrapped since its founding in 2016. Vanta provides compliance tools that help companies to automatically comply with cybersecurity and privacy standards to protect data. The company currently supports six compliance standards including the GDPR and CCPA. Vanta helps enterprises and SMBs earn security certifications and continuously monitors their systems to ensure compliance. Vanta Trust Reports demonstrates an organization’s security posture by displaying the real-time status about tests and controls and helps them share their real-time security status with prospects and customers. The platform integrates with automated security tools including cloud services, cybersecurity software, and other applications to automatically evaluate and determine whether each application is configured in accordance with security requirements.

Vanta automates the collection of evidence to document the actions taken to prove compliance. Vanta’s set of controls for GDPR and CCPA are always updated to reflect new regulations and requirements. Vanta provides continuous security monitoring to alert and address failing tests, non-compliant employees, and other risks in real time. Vanta’s policy builder tool creates and implements controls tailored to the organization while complying with privacy regulations. The company also provides ongoing access to a network of in-house experts.

Key customers and partnerships

As of October 2022, Vanta served more than 4,000 organizations including Quora, Modern Treasury, and Autodesk.

Funding and financials

In October 2022, the company raised USD 40 million in an extension to its Series B funding round from CrowdStrike. The funds were utilized to expand product R&D, customer acquisition, and go-to-market efforts.

Vanta secured an undisclosed investment from CrowdStrike Falcon Fund, in September 2022. In addition to this, Vanta and CrowdStrike partnered to automate compliance for SMBs and enterprises.

In 2021, Vanta recorded more than USD 10 million in annual recurring revenue (ARR). Vanta reported not being profitable as of June 2022, but it has been profitable occasionally in the past. The company was focussing on sustainable growth over profitability. Vanta had an employee headcount of more than 350, as of October 2022.