Compliance with privacy and security frameworks like SOC 2, HIPAA and GDPR has become a central component not just of how organizations build trust with their users, but of how organizations work together these days: fail to meet the requirements of these frameworks, and you might lose your business relationship.
Today, Laika — one of the bigger startups providing tools to help meet those compliance demands — is announcing $50 million in funding, underscoring the growth in this space.
Laika today has some 500 customers, with that number growing four-fold in the last 12 months; and it provides integrations for some 100 different software packages to measure how client compliance stacks up across them, with tools including integrated audits, penetration testing and security questionnaires (which are using in RFPs and due diligence ahead of securing contracts).
Fin Capital is leading this round, with new backers Centana Growth Partners and previous investors J.P. Morgan Growth Equity Partners, Canapi and ThirdPrime participating, among others not being named.
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