Anecdotes announced that it has closed $25 million in a Series B round of funding, elevating the total capital raised to $55 million.
Notably, Vertex and DTCP have joined as new investors, underscoring their belief in anecdotes' unique enterprise offering and the motion of global expansion.
The round was led by Glilot Capital Partners, with strong support of existing investors Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures, is a testament to the company's resilience and outstanding traction, even amid market challenges.
Anecdotes has more than threefold its Annual Recurring Revenue over the past year, primarily driven by the expansion of the US customer base, which now includes prominent names such as Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, Payscale, and more.
This financial milestone builds on the $25 million Series A raised in February 2022, which fueled the development of innovative applications and deep data capabilities within the Compliance OS to meet the needs of modern enterprises.
Notable capabilities include a robust Analysis Engine and Playbooks that empower each of the existing and new GRC applications, GenAI toolkit, frameworks, audit, policy and risk management, user access review, and more.
Founded in 2020 by Yair Kuznitsov and Roi Amior with offices in New York, San Francisco and Tel Aviv, anecdotes is redefining compliance and risk management by transforming it from a labor-intensive task into a data-driven driver for business growth.
Its Compliance Operating System streamlines data collection into modern GRC applications, addressing diverse compliance and risk needs and capitalizing on its flexibility thanks to proprietary integrations with widely used enterprise platforms such as Azure, PagerDuty, Datadog etc.
The successful closure of the Series B funding will empower anecdotes to introduce new data-driven innovations to the GRC landscape, such as the anecdotes AI Toolkit which provides a comprehensive list of risks, controls and policies to securely integrate Generative AI capabilities.
This funding will not only fuel expansion into vital markets across the US, EMEA, and APAC regions but also enhance engagement of its successful partnerships with Deloitte, Coalfire, Google as well as many others.
Since its last funding round, anecdotes has significantly expanded its technology partnerships, now featuring over 120 integrations with essential platforms in identity, security, collaboration, ticketing, and cloud infrastructure.
The firm's presence on key marketplaces like Google Cloud Marketplace and Amazon Web Services amplifies its reach.
Anecdotes has broadened its ecosystem, establishing relationships with dozens of channel partners and advisory firms.
This Cyber News was published on www.helpnetsecurity.com. Publication date: Wed, 10 Jan 2024 10:43:07 +0000