The round was led by J.P. Morgan Growth Equity Partners with participation from PayPal Ventures and all existing investors including Bain Capital Ventures, Canapi, Dashfund, Nyca and ThirdPrime. Laika will use the funding to develop additional automation, integrate audit experiences into the platform, build out its team, and extend the company's growth and momentum in the market.

Laika helps businesses manage compliance, obtain security certifications, and build trust in the marketplace. With Laika's software-and-expert services, it has never been easier to implement, maintain, and demonstrate compliance. Get certified faster, close bigger deals, and build scalable security practices that stand the test of any audit. Laika was founded by Austin Ogilvie and Sam Li, both two-time founders and Y Combinator alumni, and industry veteran Eva Pittas, who oversaw global risk and compliance functions at Citigroup for 20 years.