Sprinto, a provider of automated risk and compliance platforms, has secured $20 million in a Series B funding round, bringing its total funding to $31.8 million. The funding round was led by Accel, with additional contributions from previous investors Blume Ventures and Elevation Capital. Founded in 2020 and based in San Francisco, Sprinto aims to assist organizations in maintaining compliance with existing regulations and privacy requirements. The platform, which relies on AI and automation, analyzes an organization’s processes to provide an overview of their assets, controls, compliance, and risks.
According to Sprinto, its solution is already being used by thousands of customers in over 75 countries worldwide, spanning sectors such as financial services, fintech, healthcare, and technology. The fresh influx of capital will enable Sprinto to enhance its research and development efforts, with a primary focus on intelligent automation and AI, and to expand into new markets. “Compliance serves as a way of seeding good security behaviors that help maintain security while ensuring high operating standards, high service levels, and risks under control. Trust is the currency of any business transaction. Removing barriers to establishing trust can hyper-accelerate the GDP growth of B2B commerce. We are committed to building the technology that enables this mission,” said Girish Redekar, co-founder and CEO of Sprinto.
