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Compliance automation startup Sprinto raises $10M led by Elevation Capital

Funding

Sprinto, a Bengaluru-based software-as-a-service (SaaS) compliance automation platform, revealed on Wednesday that it had raised $10 million in Series A funding headed by Elevation Capital with participation from Accel and Blume Ventures.

Sprinto, which went public in mid-2021, assists SaaS companies in obtaining compliances like SOC 2, ISO27001, GDPR, HIPAA, and others in a quick and painless manner.

Customers of Sprinto quickly close enterprise purchases and pass vendor security evaluations. Girish Redekar and Raghuveer Kancherla, who have worked together for 15 years, co-founded the company.

As compliance with these standards, including SOC 2, is becoming a critical business need, most companies must rely on infosec consultants and auditors to get the necessary certifications,” said Sprinto Co-founder Girish Redekar.

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