Vanta Raises $150 Million in Series C Funding Led by Sequoia Capital at $2.45 Billion Valuation

Jul 24, 2024, 12:18 PM

Vanta, a trust management platform specializing in security and compliance automation, has raised $150 million in a Series C funding round. The funding round was led by Sequoia Capital, with participation from new investors including Goldman Sachs and JPMorgan. This latest investment values Vanta at $2.45 billion, up from $1.6 billion in 2022. The company plans to use the funds to expand its AI capabilities, eliminate legacy compliance tools, and deepen its global presence, particularly in the UK and Australia. Vanta has grown significantly, having helped over 8,000 companies, including notable clients such as Atlassian, Omni Hotels, Quora, and ZoomInfo. Vanta crossed $100 million in ARR last year, and its ARR growth accelerated in the first two quarters of this year. The funding will also support Vanta's mission to secure the internet and protect consumer data.