Sprinto secures $20m in Series B to enhance RegTech capabilities

Sprinto secures $20m in Series B to enhance RegTech capabilities

Sprinto, a prominent player in the RegTech industry, has successfully closed a $20m Series B funding round. The investment was led by notable names including Accel, Elevation Capital, and Blume Ventures, positioning Sprinto for significant technological advancements.

The company specialises in intelligent automation and artificial intelligence (AI) to aid businesses in managing risk and compliance more efficiently. By implementing Sprinto’s solutions, companies can achieve higher transparency, control, and confidence, which are essential for maintaining trust and compliance in today’s complex business environments.

With the newly acquired funds, Sprinto plans to double down on their research and development efforts focused on AI and intelligent automation. The primary aim is to enhance their core risk and compliance modules, particularly in areas of third-party risk management and internal risk controls, transforming these elements into robust standalone products.

This strategic infusion of capital will also support Sprinto’s mission to empower businesses from startups to mature enterprises to implement and streamline complex compliance and trust-related processes. As businesses increasingly require rigorous validation of security and data privacy practices, Sprinto’s enhanced solutions are poised to significantly reduce business engagement friction and foster proactive risk management.

Moreover, Sprinto is dedicated to extending their impact by improving security practices through compliance, thereby ensuring high operational standards and controlled risk levels. Their vision extends beyond mere compliance to see it as a growth driver, integral to establishing trust, which they consider the essential currency of business transactions.

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