Margins by Ranjan Roy and Can Duruk
Working at a small tech company has perks. You want to fix a bug? Push a change to production. A user has problems? Connect to the database and look up, and hopefully fix up, their data.
Large firms work differently. When you are a large enterprise, you promise your customers that the product won't change under them or that their data won't be snooped on. It’s why they have large customers, and large sums of money.
So what do you do as a small company when you want to sell your product to a large company? How do you bridge that trust gap? Well, these days, you check your bank balance and then call up Vanta to ask about SOC2.
Vanta, a startup with software for managing compliance with cybersecurity and privacy standards, said Wednesday that it closed its latest fundraising round at a roughly $4 billion valuation.
The $150 million round, which included funding from CrowdStrike’s venture arm, represents a valuation increase from $2.45 billion last year.
