Sprinto, a Bangalore, India-based compliance automation platform for SaaS companies, raised $10 million in a Series A funding round led by Elevation Capital, with participation from Accel, and Blume Ventures.
The company intends to use the funds for team expansion across key functions and R&D to ensure long-term growth, and open its first North American office, in Utah, by this quarter’s end.
Company: Sprinto Technology Private Limited
Round: Series A
Funding Month: February 2022
Lead Investors: Elevation Capital
Additional Investors: Accel, and Blume Ventures
Company Website: https://sprinto.com/
Software Category: compliance automation platform
About the Company: Co-founded by Raghuveer Kancherla and Girish Redekar, Sprinto is a compliance automation platform that helps SaaS companies obtain compliances, such as SOC 2, ISO27001, GDPR, HIPAA, etc., quickly. It helps clients create a real-time monitoring system that provides visibility into the processes and policies governed by compliance checklists, tracks the status of these systems, and alerts relevant teams if a system is not operating within the required baseline limits or in case of any policy violations.