Strike Graph – a Trust Operations (TrustOps) platform for operating and measuring security & compliance – recently announced that it has raised $8.5 million in funding. The funding round was led by BAMCAP with participation from existing investors Madrona and Information Venture Partners, and Rise of the Rest. Jim Sheward, partner at BAMCAP, will be joining the board.
With this funding round, Strike Graph will focus on market expansion and further development of its AI technology for more reliable, transparent, and effective audits, allowing customers to reduce the time and costs involved. The company is also adding product capabilities to support larger customers, allowing CISOs to manage their broad responsibilities across the business more effectively and efficiently.
Strike Graph’s software facilitates customer design, operate, and measure their security programs without the need for complicated processes, costly audit firms or rigid automation. And for many of its customers, achieving compliance with Strike Graph is 80% faster from start to certification. As part of the company’s commitment to support certifications across industries, it offers auditing capabilities for HIPAA, SOC 2, ISO 27001, ISO 27701, PCI DSS, NIST, FedRamp, CCPA/ CPRA, TISAX and GDPR compliance programs.
Strike Graph’s trust operations platform enables a centralized and transparent approach to security and privacy that proves a company is committed to keeping its data safe. And Strike Graph customers like Bluefletch, Thankful and Valid8 have gone through multiple security audits and have saved significant time and resources with Strike Graph.
KEY QUOTES:
“We’ve built our company on real revenue and strong relationships. Our value is derived from offering an innovative and successful product to our customers, who are product-driven, so we’ll continue to develop the best features in the risk and TrustOps marketplace. BAMCAP’s leadership experience will help us reach more customers on a global scale.”
- Justin Beals, CEO and Co-Founder of Strike Graph
“We’re thrilled to lead this round for Strike Graph, the leading trust operations solution. The capabilities that its platform brings for automated assessment is a game changer in the marketplace.”
- Jim Sheward, partner at BAMCAP
