anecdotes – an innovative leader in enterprise GRC (Governance, Risk and Compliance) technology – recently announced that it has closed $25 million in a Series B round of funding, increasing the total capital raised to $55 million. Vertex and DTCP have joined as new investors, underscoring their belief in anecdotes’ unique enterprise offering and the motion of global expansion.
The funding round was led by Glilot Capital Partners, with solid support from existing investors Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures. And the funding round is a testament to the company’s resilience and outstanding traction, even amid market challenges. anecdotes has over threefold its Annual Recurring Revenue (ARR) over the past year, primarily driven by the expansion of the US customer base, which now includes prominent names like Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, Payscale, and more.
This milestone builds on the $25 million Series A raised in February 2022, which fueled the development of innovative applications and deep data capabilities within the Compliance OS to meet the needs of modern enterprises. And the notable capabilities include a robust Analysis Engine and Playbooks that empower each of the existing and new GRC applications, GenAI toolkit, frameworks, audit, policy and risk management, user access review, etc.
Launched in 2020 by Yair Kuznitsov and Roi Amior with offices in New York, San Francisco, and Tel Aviv, anecdotes redefines compliance and risk management by transforming it from a labor-intensive task into a data-driven driver for business growth. And the company’s Compliance Operating System streamlines data collection into modern GRC applications, addressing diverse compliance and risk needs and capitalizing on its flexibility thanks to proprietary integrations with widely used enterprise platforms such as Azure, PagerDuty, Datadog, etc.
The successful closing of the Series B funding will empower anecdotes to introduce new data-driven innovations to the GRC landscape like the anecdotes AI Toolkit – which provides a comprehensive list of risks, controls, and policies to integrate Generative AI capabilities securely. This funding round will fuel expansion into vital markets across the US, EMEA, and APAC regions and enhance engagement of its successful partnerships with Deloitte, Coalfire, Google, and many others.
Since the last funding round, anecdotes has significantly expanded its technology partnerships, now featuring over 120 integrations with essential platforms in identity, security, collaboration, ticketing, and cloud infrastructure. And the firm’s presence on key marketplaces like Google Cloud Marketplace and Amazon Web Services amplifies its reach. Plus, anecdotes broadened its ecosystem, establishing relationships with many channel partners and advisory firms.
KEY QUOTES:
“Partnering with anecdotes has transformed our approach to security compliance. Relying on the Compliance Operating System has not only streamlined our processes but has also transformed our security compliance approach into a live reflection of our corporate risk management.”
— Mike Melo, CISO at LifeLabs
“At Snowflake, by leveraging anecdotes’ compliance technology we unlocked data sets that can now be utilized in our compliance program enhancing efficiency and continuity. Their platform’s ability to integrate seamlessly with our existing tools and bring credible data sets has been invaluable.”
— Mario Duarte, VP Security at Snowflake
“Our commitment remains steadfast: to empower businesses with cutting-edge solutions, fostering a safer and more compliant digital world. As we embark on this exciting new chapter, we are grateful for the trust of our investors and partners, and we look forward to delivering transformative value to our clients and the industry at large.”
— Yair Kuznitsov, CEO, anecdotes
