In a significant development for the cybersecurity industry, Vanta’s Chief Revenue Officer Stevie Case recently highlighted the company’s remarkable growth trajectory during an interview at the RSA Conference in San Francisco. The trust management platform has been making waves with its innovative approach to governance, risk, and compliance (GRC), culminating in a substantial $150 million Series C funding round that values the company at approximately $2.45 billion.

Transforming Antiquated GRC Processes

“Fundamentally, we are displacing these really painful antiquated workflows that power governance risk and compliance,” Case explained during the interview. “For as long as we can remember, people have been using spreadsheets, they’ve been using screenshots. Vanta transforms that into a much more modern process, helps our customers become audit-ready, become compliant, and that kind of transformation is what they’ve been hungry for.”

The disruption of traditional GRC methodologies has clearly resonated with the market. According to Case, Vanta has achieved remarkable milestones in the past 18 months, including crossing $100 million in annual recurring revenue (ARR) and securing 10,000 customers ranging from small startups to large enterprises.

This impressive growth aligns with information from The Readable, which reported that Vanta intends to use its recent funding to “increase its upmarket momentum by replacing cumbersome, manual GRC solutions; deepen its global presence; and accelerate its AI product innovation.”

AI-Powered Security Initiatives

A significant focus of Vanta’s strategy involves leveraging artificial intelligence to enhance security assessments. Case announced the launch of AI security assessments designed to help companies build with AI responsibly.

“Everybody’s excited about AI, everybody wants to build with it, but it does introduce a certain amount of risk,” Case noted. “We want to help our customers and certainly those they do business with to do that safely.”

The company is leading by example in this space. “We have announced just this last week that we are ourselves ISO 420001 compliant, that is a standard that indicates that we are using AI responsibly,” Case stated. “We’re the first trust management platform to achieve that ISO 420001 compliance.”

This commitment to responsible AI use echoes Vanta’s broader mission, which FinTech Global described as “securing the internet and enhancing consumer data protection.” The publication also reported that Vanta’s new funds will be directed towards enhancing its AI capabilities, including the development of AI-powered Questionnaire Automation that accelerates security reviews by a factor of five.

Prioritizing Quality Over Cost Savings

For Case, who leads Vanta’s go-to-market teams, AI implementation isn’t primarily about efficiency or cost reduction. “For us, it’s not necessarily about cost savings or efficiency, it’s actually about creating a much higher quality experience for our customers and also allowing our incredibly smart team of humans to do high-value work,” she explained.

To further this vision, Vanta is building an AI builder team within their revenue operations group and hiring a founder in residence for a nine-month “tour of duty” to help the company innovate with AI.

Future Innovations

When asked about upcoming projects, Case indicated that Vanta has significant AI-related announcements planned for the next several quarters. “We’re going to be bringing to market a bunch of AI-powered solutions, and it’s all really tying back to making security and compliance much more frictionless for our customers,” she revealed.

Founded in 2018, Vanta has quickly established itself as a leader in automating compliance with critical security frameworks like SOC 2. According to information from Vanta’s own announcement, the company has helped more than 8,000 companies, including Atlassian, Omni Hotels, Quora, and ZoomInfo, strengthen their security practices and prove trust continuously.

The recent funding round was led by Sequoia Capital, with participation from new investors including Growth Equity at Goldman Sachs Alternatives and J.P. Morgan, as well as continued support from existing investors such as Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures, and Y Combinator.

As Case concluded in her interview, “The GRC space was so ripe for innovation… We know software builders want better, so we’re going to be bringing to market products that help make their lives easier, help them build trust with the folks they are trying to sell their software to. We’re just getting started.”