Vanta, the leading trust management platform, announced several growth, product and partner milestones showcasing the company’s continued acceleration as the platform of choice pioneering the next generation of Governance, Risk, and Compliance capabilities. Surpassing a number of growth metrics including $100M in Annual Recurring Revenue (ARR) and nearly doubling customers to 7,000 companies around the world, Vanta’s performance has been further powered by the announcement of new enterprise-ready features and the rollout of AI innovations, including support for the NIST AI Risk Management Framework.
Vanta Unlocks New Milestones
Capping a record year, Vanta announced today that it surpassed $100M in ARR in FY ‘24, ending January 31, 2024. In addition to reaching the milestone within 5 years of entering the market, Vanta nearly doubled its global customer base this past year, adding approximately 900 customers per quarter. Today, Vanta is the trust management platform of choice for nearly 7,000 companies around the world including Atlassian, Chili Piper, Flo Health and Quora, to build, maintain and demonstrate their trust—all in a way that’s real-time and transparent.
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Vanta delivered unprecedented product, customer and organizational growth in FY ‘24 including:
- Launching over 260 new product features, including Vanta AI, Vendor Risk Management, and Vanta Trust Center
- Expanding globally in EMEA and APAC with almost 1 in 4 customers now headquartered outside of the U.S.
- Appointing David Eckstein, Chief Financial Officer, Jeremy Epling, Chief Product Officer, and Jadee Hanson, Chief Information Security Officer
Vanta’s industry-leading innovation has been recognized across a range of rankings and awards in the past year including CNBC Disruptor 50, Forbes Cloud 100, Fortune Cyber 60 and Inc. Best Workplaces.
“Vanta was founded to redefine the status quo and turn trust into a revenue-driver for companies so that more security work is prioritized more often,” said Christina Cacioppo, CEO, Vanta. “It’s clear that the tipping point for trust management is now. As we look forward to 2024, we’re helping our 7,000 global customers transform trust into their greatest asset by investing in our enterprise-ready experiences, international market expansion and supercharging the product with AI.”
Enterprise-ready Features for Sophisticated GRC Teams
To accelerate its enterprise momentum, Vanta has built the capabilities required by GRC and Information Security teams to scale their compliance program, unify key risk management workflows and streamline third party risk management including:
- 300 pre-built integrations providing continuous, real time monitoring of security and compliance across cloud providers, HRIS, datastore providers, and many more
- Vanta API to build private integrations with internal systems or public integrations accessible by Vanta customers
- Increased customization for GRC practitioners, including the ability to create custom frameworks and customize Vanta’s built-in automated tests
- Executive reporting to prioritize and act on the key risks, measure the success of your security program, and easily report the impact to stakeholders (currently in Beta)
- Enterprise-ready capabilities such as Single Sign On, Workspaces, custom Role-Based Access Controls, and more
Vanta’s breadth of workflows and depth of automation have catapulted the firm to be the trusted choice for Chegg, Omni Hotels and ZoomInfo.
“Both risk management and compliance software and services continue to be top investment areas for organizations. Still, in an increasingly hostile cybersecurity environment, security teams often find themselves under-resourced and without the in-house capabilities to fully utilize their legacy GRC technology investment,” said Phil Harris, Research Director, Governance, Risk and Compliance, IDC. “New GRC platforms are emerging in the marketplace that reduce the necessary but laborious tasks involved with identifying, tracking, treating and closing risks, increasing productivity and giving team members more time to focus on business-critical projects.”
SOURCE: Businesswire