Anecdotes raises $25 million Series B to boost compliance operating system
According to the company, it has more than threefold its ARR over the past year, primarily driven by the expansion of the U.S. customer base, which now includes prominent names such as Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, Payscale, and more
Anecdotes, which develops enterprise GRC (Governance, Risk and Compliance) technology, announced on Tuesday that it has closed $25 million in a Series B round of funding, taking the total capital raised to $55 million. The round was led by Glilot Capital Partners, with support of existing investors Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures. Vertex and DTCP joined as new investors.
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According to the company, it has more than threefold its Annual Recurring Revenue (ARR) over the past year, primarily driven by the expansion of the U.S. customer base, which now includes prominent names such as Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, Payscale, and more.
This financial milestone builds on the $25 million Series A raised in February 2022, which fueled the development of applications and deep data capabilities within the Compliance OS to meet the needs of modern enterprises. 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, and more.
Founded in 2020 by Yair Kuznitsov and Roi Amior with offices in New York, San Francisco and Tel Aviv, anecdotes’ 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.
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Since its 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.
“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,” said CEO Yair Kuznitsov.
