Vanta

Vanta sells software that automates security compliance and trust management. Its platform continuously monitors a customer's cloud infrastructure, employees and vendors against frameworks such as SOC 2, ISO 27001, HIPAA and GDPR, and publishes the results through Trust Centers that buyers can review during procurement. Christina Cacioppo, who previously led Dropbox Paper, founded the company after going through a manual SOC 2 audit herself; Erik Goldman is credited as a cofounder. Vanta went through Y Combinator's Winter 2018 batch and is headquartered in San Francisco, with offices in New York, Sydney, Dublin and London.

The company raised little outside capital in its early years. Y Combinator was its first institutional backer, and by the time of its first priced round Vanta reported more than $10 million in ARR and over 1,000 customers. In May 2021 Sequoia Capital led a $50 million Series A, which Forbes reported at a $500 million valuation. In June 2022 Craft Ventures led a $110 million Series B at a $1.6 billion valuation, with Sequoia and Y Combinator participating. CrowdStrike led a $40 million extension in October 2022, taking total capital raised to $203 million. Sequoia returned to lead a $150 million Series C in July 2024 at a $2.45 billion valuation, joined by Growth Equity at Goldman Sachs Alternatives and J.P. Morgan alongside Atlassian Ventures, HubSpot Ventures, Workday Ventures, CrowdStrike Ventures, Craft Ventures and Y Combinator. Wellington Management led a $150 million Series D in July 2025 at a $4.15 billion valuation.

Vanta remains private. It crossed $100 million in ARR in January 2024, and in April 2026 Fortune reported that ARR had reached $300 million, roughly triple the level of two years earlier, with more than 16,000 customers and about 1,000 employees. It has used its balance sheet for small acquisitions: TrustPage, a vendor security review tool, in January 2023, and Riskey, an Israeli AI risk monitoring startup, in June 2025.

Vanta is an example of a company that delayed institutional capital until it had meaningful revenue, which let its Series A price at a unicorn-adjacent valuation. Sequoia's position is notable because the firm led both the Series A and the Series C, adding to its stake at roughly five times the earlier entry valuation. The cap table also shows strategic money from the vendors whose ecosystems Vanta plugs into (CrowdStrike, Atlassian, HubSpot, Workday) and late-stage capital from Wellington, Goldman Sachs and J.P. Morgan. There has been no liquidity event yet, so returns for early holders remain on paper.