Sprinto, a compliance automation platform for fast growing SaaS companies, has raised USD10 million in Series A funding led by Elevation Capital with participation from Accel, and Blume Ventures.
The funding will be used for team expansion across key functions and R&D to ensure long-term growth. Earlier, in January 2020, the company had raised USD1.5 million in seed funding from Blume Ventures. Reflecting this expansion, Sprinto will open its first North American office, in Utah, by this quarter’s end and will ramp up North American hiring.
Publicly launched in mid-2021, Sprinto is a compliance automation platform that helps SaaS companies obtain compliances, such as SOC 2, ISO27001, GDPR, HIPAA etc, in a quick and hassle-free manner. Obtaining these compliances helps Sprinto customers close enterprise deals and pass vendor security assessments easily. It was co-founded by Girish Redekar and Raghuveer Kancherla, who have been colleagues for 15 years.
