Vanta, a fast-growing cybersecurity compliance startup, has secured $150 million in fresh funding, pushing its valuation to approximately $4 billion—up significantly from $2.45 billion just last year. The increase underscores sustained investor confidence in tools that help companies guard against escalating cyber threats.
The latest round includes backing from several major players such as CrowdStrike Ventures, Atlassian Ventures, JPMorgan Chase, Wellington Management, and longtime supporter Sequoia Capital. CrowdStrike’s involvement is particularly notable, given its deep ties to enterprise security and threat detection technologies.
Demand Surges for Compliance Automation
Founded in 2018 by Christina Cacioppo and Erik Goldman, San Francisco-based Vanta specializes in automating adherence to global cybersecurity and privacy frameworks, including SOC 2 and ISO 27001. Its platform is designed to simplify compliance processes for businesses of all sizes—particularly those that must routinely undergo security reviews to secure contracts or pass audits.
With a client base that now exceeds 12,000 organizations—including high-profile software vendors like Atlassian and Snowflake—Vanta is expanding beyond its initial tech customer base. According to Cacioppo, more companies across diverse industries are adopting its tools to streamline third-party risk assessments and vendor onboarding.
SaaS Growth and Industry Momentum
While Vanta hasn’t disclosed exact revenue figures, Cacioppo described the company’s performance as “in the ballpark of the best SaaS companies.” She noted that average deal sizes are increasing and customer acquisition continues to accelerate.
The fresh injection of capital comes at a time when the corporate world is doubling down on security infrastructure. Just this week, Microsoft issued critical updates to its SharePoint platform after Chinese hackers exploited vulnerabilities to breach customer data—an incident that adds urgency to the need for better compliance and risk management solutions.
Capital Efficiency and Future Plans
Despite the new raise, Vanta has yet to tap into the $150 million it raised in 2023. Cacioppo emphasized that the company remains capital-efficient, growing headcount and capabilities without burning through prior funding.
Now boasting more than 1,000 employees, Vanta is positioning itself as a long-term leader in the increasingly vital space of cybersecurity assurance and compliance automation, competing with firms such as Auditboard and Drata.
As regulatory expectations tighten and cyber threats grow more sophisticated, Vanta’s value proposition appears well aligned with the evolving needs of enterprise customers.
Photo: Christina Cacioppo, co-founder and CEO of Vanta