Accel leads $20m round in Sprinto as it helps businesses build trust through its compliance and risk platform

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Accel has led a $20 million funding round in Sprinto, an automated risk and compliance platform that helps businesses build trust with customers by navigating and staying on top of compliance and privacy standards. The funding round was also participated in by existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020 by Girish Redekar and Raghuveer Kancherla, has raised a total of $31.8 million to date. The company will use the fresh funds for research and development, with a focus on intelligent automation and AI, as well as expanding into new markets. Sprinto's platform uses intelligent automation and AI to create connected workflows that enhance security programs and improve operations. The company supports all major standard security frameworks and has customers in over 75 countries. The Governance, Risk, and Compliance (GRC) market is expected to reach $134.86 billion in 2030. Accel, a leading global venture capital firm, aims to be the first partner to exceptional teams and has invested in companies like Flipkart, Swiggy, and Urban Company.

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https://finance.yahoo.com/news/accel-leads-20m-round-sprinto-130000298.html