Venture Capital News: anecdotes Raises $25M Series B Round
2024-01-09
PALO ALTO, CA, anecdotes today announced that it has closed $25 million in a Series B round of funding.
anecdotes, an innovative leader in enterprise GRC (Governance, Risk and Compliance) technology, today 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 (ARR) 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.
anecdotes is the leading technology provider for Compliance leaders. Powered by data, the anecdotes Compliance Operating System (OS) transforms security Compliance from a box-ticking exercise into a powerful driver of growth. With a variety of applications powered by verified data, Compliance leaders as well as advisory firms and auditors, can turn manual, time-consuming, and siloed tasks into an automated, continuous, and strategic Compliance program.
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