Whereas certifications for safety administration practices like SOC 2 and ISO 27001 have been round for some time, the variety of corporations that now request that their software program distributors undergo (and move) the audits to be in compliance with these continues to extend. For lots of corporations, that’s a harrowing course of, so it’s perhaps no shock that we’re additionally seeing a rise in startups that purpose to make this course of simpler. Earlier this month, Strike Graph, which helps automate safety audits, introduced its $3.9 million round and at present, Secureframe, which additionally helps companies get and keep their SOC 2 and ISO 27001 certifications, is saying a $4.5 million spherical.
Secureframe’s spherical was co-led by Base10 Partners and Google’s AI-focused Gradient Ventures fund. BoxGroup, Village World, Soma Capital, Liquid2, Chapter One, Worklife Ventures, and Backend Capital. Present prospects embrace Stream, Hasura and Benepass.
Shrav Mehta, the corporate’s co-founder and CEO, frolicked at a lot of totally different corporations, however he tells me that the concept for Secureframe was principally born throughout his time at direct-mail service Lob.
“After I was at Lob, we handled plenty of points round safety and compliance as a result of we had been typically coping with very delicate knowledge, and we’d hop on calls with prospects, needed to full thousand-line safety questionnaires, do exhaustive safety opinions, and this was lots for a startup of our measurement on the time. Nevertheless it’s simply what our prospects wanted. So I began to see that ache,” Mehta stated.
After stints at Pilot and Scale AI after he left Lob in 2017 — and informally serving to different corporations handle the certification course of — he co-founded Secureframe along with the corporate’s CTO Natasja Nielsen.
“As a result of Secureframe is principally including plenty of automation with our software program — and making the method a lot less complicated and simpler — we’re in a position to deliver the associated fee down to a degree the place that is one thing that much more corporations can afford,” Mehta defined. “That is one thing that everybody can get in place from day one, and not likely have to fret that, ‘hey, that is going to take all of our time, it’s going to take a 12 months, it’s going to price some huge cash.’ […] We’re attempting to resolve that drawback to make it tremendous straightforward for each group to be safe from day one.”
The principle thought right here is to make the arcane certification course of extra clear and streamline the method by automating most of the extra labor-intensive duties of preparing for an audit (and it’s nearly at all times the pre-audit course of that takes up more often than not). Secureframe does so by integrating with the most-often used cloud and SaaS instruments (it at present connect with about 25 companies) and pulling in knowledge from them to check out your safety posture.
“It feels lots like a QuickBooks- or TurboTax-like expertise, the place we’ll basically ask you to enter primary particulars about your online business. We attempt to autofill as a lot of it as potential from third-party sources — then we requested you to attach up all of the integrations your online business makes use of,” Mehta defined.
The corporate plans to make use of a lot of the brand new funding to employees up and construct out these integrations. Over time, it’s going to additionally add assist for different certifications like PCI, HITRUST and HIPAA.
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