San-Francisco cybersecurity startup Vanta turns unicorn with $110M funding
Vanta, a startup that helps organizations comply with cybersecurity standards, became a unicorn this week. The San Francisco-based company secured a funding of $110 million at a valuation of $1.6 billion. Vanta Inc. has secured $110 million in a fundraising round headed by Craft Ventures at a valuation of $1.6 billion. Sequoia Capital, Y Combinator, and other current investors joined in the Series B financing, according to the San Francisco-based startup, which helps enterprises comply with cybersecurity regulations. Enterprise software developers must guarantee that their apps process client data securely as part of their product development activities. They accomplish this with the assistance of industry standards such as SOC 2. These standards define a set of cybersecurity requirements that a software product must achieve in order to properly secure the business data of its customers. Vanta offers a technology that makes it easier to meet cybersecurity criteri...