anecdotes, a Palo, Alto, CA-based enterprise governance, risk, and compliance (GRC) technology firm, has closed a $25 million Series B funding round, bringing the total capital raised to $55 million.
SaaS Investors
The round was led by Glilot Capital Partners, with participation from new investors Vertex and DTCP, along with existing investors Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures.
Founded in 2011, and based in Herzliya, Israel, Glilot Capital Partners is an early-growth venture capital fund in Israel, backing Israel's best startups, specializing in cybersecurity & enterprise software.
anecdotes Use of Funds
The company will use the funds for global expansion and to introduce new data-driven innovations, including the anecdotes AI Toolkit with Generative AI capabilities.
About anecdotes
Founded in 2020 by Yair Kuznitsov and Roi Amior with offices in New York, San Francisco, and Tel Aviv, anecdotes is a technology provider for compliance leaders. Powered by data, the anecdotes compliance operating system (OS) transforms security compliance from a box-ticking exercise into a powerful driver of growth. With a variety of applications powered by verified data, compliance leaders, advisory firms and auditors can turn manual, time-consuming, and siloed tasks into an automated, continuous, and strategic compliance program.
Funding Details
Company: anecdotes A.I Ltd.
Raised: $25.0M
Round: Series B
Funding Month: January 2024
Lead Investors: Glilot Capital Partners
Additional Investors: Vertex, DTCP, Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures
Company Website: https://www.anecdotes.ai/
Software Category: GRC Solutions
Source: https://www.prnewswire.com/il/news-releases/anecdotes-secures-25-million-in-series-b-funding-to-revolutionize-the-enterprise-grc-stack-302028617.html