Monday, June 17, 2024
HomeFunding Sprinto Secures $20 Million Equity in Funding

[Funding Alert] Sprinto Secures $20 Million Equity in Funding

With participation from current investors Elevation Capital and Blume Ventures, Accel led an equity investment round of $20 million for Sprinto.The capital will go towards growing into emerging markets, enhancing the client experience, and doing research and development (R&D).

With participation from current investors Elevation Capital and Blume Ventures, Accel led an equity investment round of $20 million for Sprinto.

The capital will go towards growing into emerging markets, enhancing the client experience, and doing research and development (R&D).

“With this new round of funding, we will double down on our R&D efforts, with a sharp focus on AI and intelligent automation. We will enrich core risk and compliance modules with these cutting-edge capabilities, especially in third-party risk management and internal risk management, and transform them into standalone products,” said cofounder and chief executive Girish Redekar.

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With the goal of enabling companies to prioritise risk management, adhere to different security standards, and develop confidence, it was designed and developed.

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“We are thrilled to deepen our partnership with Sprinto as they continue to disrupt cloud security and compliance,” said Ravi Adusumalli, co-managing partner, Elevation Capital.

About Sprinto

Girish Redekar and Raghuveer Kancherla founded Sprinto in 2020. It provides a whole toolkit to manage cyber risk and legal requirements, enabling companies to function within legal frameworks.

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