Sprinto provides an automated security compliance and risk-management platform that connects directly with customers' HR, IT, and engineering systems via over 160 integrations. It supports frameworks including SOC 2, ISO 27001, GDPR, CCPA, HIPAA, PCI-DSS, and CIS and automates vendor risk management, vulnerability assessment, access control, evidence collection, and filing tasks. The company uses a mix of AI, GPTs and an internal large language model to add efficiencies and plans to bolster R&D to bring more intelligence to the platform. Sprinto serves more than 1,000 customers across 75 countries, employs about 200 people, and a majority of its client base is in the U.S. and Europe. Its ARR rose 3x from 2022 to 2023 and is projected to double in the coming year. The startup plans to expand its presence in U.S. and European markets and target digitally enabled but not tech-first businesses. Sprinto is a Bangalore, India-based compliance automation platform co-founded by Raghuveer Kancherla and Girish Redekar that helps SaaS companies obtain compliances such as SOC 2, ISO27001, GDPR and HIPAA. The product creates a real-time monitoring system that provides visibility into processes and policies governed by compliance checklists, tracks the status of these systems, and alerts relevant teams when systems fall outside required baselines or when policy violations occur. Sprinto's platform aims to accelerate compliance workflows through continuous monitoring and automated alerting. Financially, the company raised $10M in a Series A round led by Elevation Capital, with participation from Accel and Blume Ventures. The company plans to use the funds for team expansion across key functions, increased R&D to ensure long-term growth, and to open its first North American office in Utah by the end of the quarter. Sprinto targets SaaS businesses seeking faster, continuous compliance and operational visibility into security and policy controls.

Total raised

$30M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2024