anecdotes, an innovative leader in the field of enterprise governance, risk and compliance (GRC) technology, has closed a US$25 million Series B funding round, elevating its total capital raised to US$55m.
Despite market challenges, anecdotes has more than tripled its annual recurring revenue (ARR) over the past year, primarily driven by the expansion of its US customer base which now includes prominent players like Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana and Payscale.
“By leveraging anecdotes' compliance technology, Snowflake unlocked data sets that can now be utilised in our compliance programme, enhancing efficiency and continuity,” comments Mario Duarte, VP Security at Snowflake.
“Their platform's ability to integrate seamlessly with our existing tools and bring credible data sets has been invaluable.”
Redefining compliance and risk management
The firm’s Compliance OS streamlines data collection into modern GRC applications, addressing diverse compliance and risk needs, while capitalising on its flexibility thanks to proprietary integrations with widely used enterprise platforms like Azure, PagerDuty and Datadog.
This latest financial milestone builds on the US$25m million Series A funding raised in 2022, which fueled the development of innovative applications and deep data capabilities within the Compliance OS to meet the needs of modern enterprises.
Notable capabilities include the robust Analysis Engine and Playbooks, which empower each of the new and existing GRC applications, GenAI toolkit, frameworks, audit, policy and risk management, user access review and more.
anecdotes set for ambitious expansion
anecdotes’ ongoing success is a testament to the company’s resilience and outstanding traction.
Since the Series A round, the business has significantly expanded its technology partnerships, now featuring more than 120 integrations with essential platforms in identity, security, collaboration, ticketing and cloud infrastructure. A presence on key marketplaces such as Google Cloud Marketplace and AWS further amplifies its reach.
What’s more, anecdotes has broadened its ecosystem, establishing relationships with dozens of channel partners and advisory firms.
Closure of its Series B funding will empower anecdotes to introduce new data-driven innovations to the GRC landscape, such as the anecdotes AI Toolkit which provides a comprehensive list of risks, controls and policies to securely integrate generative AI capabilities.
Anecdotes, which has offices in New York, San Francisco and Tel Aviv, is now better positioned to not only expand into vital markets across the US, EMEA and APAC, but also to enhance engagement of its successful partnerships with Deloitte, Coalfire, Google and many others.
“Our commitment remains steadfast: to empower businesses with cutting-edge solutions, fostering a safer and more compliant digital world,” adds Yair Kuznitsov, CEO at anecdotes.
“As we embark on this exciting new chapter, we are grateful for the trust of our investors and partners, and we look forward to delivering transformative value to our clients and the industry at large.”
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