Anecdotes, a leading provider of Governance, Risk Management, and Compliance (GRC) solutions, has successfully raised $25 million in a recent Series B funding round, bringing its total investment to an impressive $55 million.
The funding, spearheaded by Glilot Capital Partners and featuring participation from Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures, marks a significant milestone for the startup.
Anecdotes plans to utilize the funds to further enhance its cutting-edge Compliance OS product, which automates data collection from various sources, including cloud, on-premises, and SaaS systems, streamlining compliance, risk, and auditing processes for organizations.
The platform, boasting more than 120 integrations with key solutions in identity, security, collaboration, ticketing, and cloud infrastructure, has gained substantial traction since its founding in 2020.
This latest round of funding, following a successful Series A in 2022, positions Anecdotes for expansive growth in the US, EMEA, and APAC regions.
The company’s annual recurring revenue has seen a significant uptick, fueled by an expanding customer base that now includes prominent organizations such as Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, and Payscale.
Mario Duarte, VP of Security at Snowflake, praised Anecdotes for its compliance technology, emphasizing its role in unlocking valuable data sets for their compliance program.
As Anecdotes continues to integrate seamlessly with existing tools and provide credible data sets, its platform is proving invaluable for organizations striving for efficiency and continuity in their compliance efforts.
This funding round solidifies Anecdotes’ position as a key player in the GRC space, poised for continued innovation and global expansion.
