Secureframe has raised $56m in its Series B funding round, which brings its total equity raised to $79m in two years.
Accomplice led the investment, with commitments also coming from
The platform, which launched in 2020, Kleiner Perkins, Optum Ventures, Kaiser Permanente, Gradient Ventures, Soma Capital, Gaingels, Impatient Ventures and Flexport. Several angel backers also committed capital, including Duo Security CTO Jon Oberheide, VP Zero Trust Ash Devata and Alt and Lob CEO Leore Avidar.
Secureframe is a security compliance automation platform, which supports global compliance standards, including SOC 2, ISO 27001, HIPAA, and PCI DSS.
This investment round comes after a strong year of growth for Secureframe, which witnessed a ten-times ARR growth in 2021. It also experienced a seven-times customer growth, adding companies, including Stream, Dooly, Lob, Instabase, Slab, and Doodle, as customers.
Accomplice partner Mike Viscuso said, “Secureframe is onto something big. They have the vision, the talent, and the technology to drive major transformation in continuous compliance certification.
“What’s most exciting to me is they’ve already become the go-to solution for startups and high-growth companies who want to automate their entire compliance portfolio. It’s clear why Accomplice is leading Secureframe’s Series B, and I’m thrilled to serve on the board of directors to help play a role in the company’s continued growth.”
As part of the deal, Accomplice partner Michael Viscuso has joined the Secureframe board of directors.
In addition to the investment, the RegTech company announced Salesforve veteran Seema Kumar has joined as its new chief operating officer. In this role, Kumar will oversee all sales, marketing, customer success and people operations.
Former Brandfolder head of sales Evan Horibe has also joined Secureframe as its vice president of sales.
Copyright © 2018 RegTech Analyst
