Security compliance will not be the most well liked dialog starter, but it surely’s a crucial and infrequently grueling course of that corporations have to endure yearly to present that their safety practices are up to par. It’s a burden that bogs down startups greater than others, and so it’s becoming that startups are attempting to discover a higher means.
Enter safety compliance startup Secureframe, based by Shrav Mehta and Natasja Nielsen, which thinks it has.
The firm is asserting it has raised $18 million at Series A, led by Kleiner Perkins and with participation from Gradient Ventures and Base10 Partners, which led its $4.5 million seed round, lower than a 12 months after it was based in January 2020.
Secureframe helps companies preserve two key cybersecurity certifications, SOC 2 and ISO 27001, which many corporations require earlier than they are going to do enterprise. Secureframe’s compliance platform integrates with dozens of essentially the most used cloud suppliers and apps to perceive its prospects’ safety posture. The profit, the corporate says, is that it will probably assist corporations get their certifications and turn out to be compliant in weeks, moderately than months.
Shrav Mehta, the corporate’s co-founder and chief government, informed TechCrunch that it’s paying off, with a tenfold enhance in income development over the six months alone, and with greater than 100 new prospects, like software program home Hasura and Omni, a Y Combinator graduate from the summer season 2020 batch.
Mehta stated the recent funding spherical will assist the corporate develop past the 2 certifications into an enterprise-grade threat and compliance administration platform, such because the U.S. well being privateness guidelines like HIPAA, and PCI compliance for safe card processing.
In the long run, Mehta stated, he desires the corporate to design and provide its personal compliance certifications.
In remarks, Kleiner Perkins’s Josh Coyne stated Secureframe is main the trouble to modernize safety compliance. “Secureframe is turning the industry on its head by automating compliance certifications end-to-end, serving as the single source of truth for commercial compliance,” he stated.