Vanta Achieves $2.45B Valuation with $150M Series C Funding

Vanta, a trust management platform, has announced a successful $150 million Series C funding round led by Sequoia Capital, bringing the company's valuation to $2.45 billion.

• Significant Valuation Increase: Vanta's valuation jumped from $1.6 billion in 2022 to $2.45 billion after this funding round.

• Revenue Milestone: The company surpassed $100 million in Annual Recurring Revenue (ARR) for the financial year ending in January.

• Investor Support: New investors include Goldman Sachs and J.P. Morgan, with existing investors such as Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures, and Y Combinator also participating.

• Broadening Focus: Originally centered on ISO 27001, HIPAA, and SOC 2 certifications, Vanta is now expanding its scope to become a more comprehensive player in the trust management space.

• Expansion Plans: With over 8,000 customers and 500 employees, Vanta aims to increase its global presence, focusing on North America, the U.K., Germany, and Australia.

Vanta's commitment to enhancing trust and security in the business environment is evident through its innovative solutions and growth plans.