Strike Graph, a compliance automation startup, today announces that it has secured $8 million in Series A funding, led by Information Venture Partners, investors in the next generation of leaders in B2B FinTech and Enterprise SaaS.
“As a growing company, achieving our SOC 2 with Strike Graph has been instrumental. We’ve saved hundreds of hours of confusion and redundant manual labor, while expanding opportunities to sell upmarket and increasing our revenue potential. Strike Graph has partnered with us in every step of the process”
Read More: SAI360 Placed Leader In 2021 Gartner Magic Quadrant For IT Vendor Risk Management Tools
Launched in 2020, Strike Graph helps companies of all sizes successfully pass their cybersecurity audits with a scalable security program that unlocks revenue faster by monetizing their security practices. The company is growing internationally and will also expand upon its already supported frameworks of SOC 2, ISO 2700x, CCPA, HIPAA and GDPR standards. To date, 100% of Strike Graph’s customers have successfully received a clean audit report and it was the first company to build an AI offering that automates security questionnaires.
“We’re outfitting our solution with access to hundreds of integrations that can be customized to your unique business needs, making it easier and faster to achieve compliance while improving your overall security posture and amplifying growth. The thoughtful expertise and dedicated support from Information Venture Partners as long term investors will expose us to a new set of business opportunities,” said Justin Beals, CEO and co-founder of Strike Graph.
Read More: SalesTechStar Interview with Jane Kelly, Head of Growth at Retool
Since raising its seed round last year, Strike Graph has achieved 4x growth in customer adoption on its platform, quickly expanded its framework support and launched an innovative system that automates compliance scoping, evidence collection and security questionnaires. Recently, Strike Graph was awarded as a High Performer by peer review site G2.com, Inc.
“The ability to navigate and manage the myriad of compliance standards is now table stakes if you have sensitive customer or personal data, no matter how big or small a company. This is evident across our portfolio of software companies that sell to financial services and other large organizations. We’re impressed by how deeply Strike Graph invests in the success of its many customers, as its modern and flexible solution helps customers of all sizes quickly establish compliance programs and achieve security certifications. We’re pleased to invest in Strike Graph, and include them in our portfolio alongside other relevant category leaders like BigID and Verafin,” said Alex Tong, Principal at Information Venture Partners.