Sprinto, the compliance automation platform for SaaS companies, has raised $10 million in Series A funding led by Elevation Capital. Accel and Blume Ventures have also participated.
The funding will be used for team expansion across key functions and R&D to ensure long-term growth, said Sprinto in a press release.
Earlier in January 2020, the Bengaluru-based startup had raised $1.5 million in seed funding from Blume Ventures.
Publicly launched in mid 2021 by Girish Redekar and Raghuveer Kancherla, Sprinto helps SaaS companies obtain compliances, such as SOC 2, ISO27001, GDPR and HIPAA in a quick and hassle-free manner.
Sprinto’s SaaS platform claims to make the SOC 2 compliance process 10-folds faster. It helps clients create a real time monitoring system that provides visibility into the processes and policies governed by compliance checklists, and tracks the status of these systems.
