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Today: May 26, 2024
January 9, 2024
1 min read

Anecdotes Secures $25M in Series B Funding: Fueling Success

TLDR:

– Palo Alto-based enterprise GRC technology company, anecdotes, has raised $25M in Series B funding.
– The round was led by Glilot Capital Partners, with participation from existing investors Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures.

anecdotes, a Palo Alto-based enterprise GRC (Governance, Risk and Compliance) technology company, has raised $25M in Series B funding. The round was led by Glilot Capital Partners, with participation from existing investors Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures, and participation from Vertex and DTCP.

The funding will be used to introduce new data-driven innovations to the GRC landscape. This includes the anecdotes AI Toolkit, which provides a comprehensive list of risks, controls, and policies to securely integrate Generative AI capabilities. The funds will also help accelerate the company’s expansion into markets across the US, EMEA, and APAC regions.

Founded in 2020, anecdotes provides a Compliance Operating System that streamlines data collection into modern GRC applications. The company addresses diverse compliance and risk needs and capitalizes on its flexibility thanks to proprietary integrations with widely used enterprise platforms such as Azure, PagerDuty, and Datadog. anecdotes offers capabilities such as an Analysis Engine and Playbooks that empower each of the existing and new GRC applications, a GenAI toolkit, frameworks, audit, policy and risk management, user access review, and more.

The company has expanded its technology partnerships since its last funding round. anecdotes now features over 120 integrations with essential platforms in identity, security, collaboration, ticketing, and cloud infrastructure. The company’s presence on key marketplaces like Google Cloud Marketplace and Amazon Web Services has also helped amplify its reach. anecdotes has also established relationships with dozens of channel partners and advisory firms.

Some notable customers of anecdotes include Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, and Payscale.

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