Security compliance might not be the hottest conversation starter, but it’s a often intense and critical procedure that business need to sustain every year to show that their security practices are up to par. It’s a concern that bogs down startups more than others, therefore it’s fitting that start-ups are trying to find a much better way.
Enter security compliance startup Secureframe, established by Shrav Mehta and Natasja Nielsen, which believes it has.
The business is announcing 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, less than a year after it was founded in January 2020.
Secureframe assists organizations maintain two essential cybersecurity accreditations, SOC 2 and ISO 27001, which many companies require prior to they will work. Secureframe’s compliance platform integrates with lots of the most pre-owned cloud suppliers and apps to comprehend its clients’ security posture. The advantage, the business states, is that it can help business get their accreditations and become certified in weeks, rather than months.
Shrav Mehta, the business’s co-founder and president, told TechCrunch that it’s paying off, with a tenfold increase in income growth over the six months alone, and
with more than 100 brand-new customers, like software application house Hasura and Omni, a Y Combinator graduate from the summer season 2020 batch. Mehta said the fresh financing round will help the business grow beyond the two certifications into an enterprise-grade danger and compliance management platform, such as the U.S. health privacy guidelines like HIPAA, and PCI compliance for safe and secure card processing.
In the long term, Mehta said, he desires the company to style and offer its own compliance certifications.
In remarks, Kleiner Perkins’s Josh Coyne said Secureframe is leading the effort to update security compliance. “Secureframe is turning the industry on its head by automating compliance accreditations end-to-end, functioning as the single source of truth for business compliance,” he said.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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