"Vanta's customer growth rate has accelerated to roughly 60% year-over-year, a number that has gone up in each of the past four quarters, indicating strong market demand."
"70% of companies now have shadow AI-tools employees adopted without security review, highlighting a significant challenge for corporate security teams."
"Vanta's net revenue retention has similarly increased every quarter for the last 2 years and continues to be over 100 percent, showcasing its strong customer loyalty."
Vanta, a security and compliance company, has achieved over $300 million in annual recurring revenue, tripling in two years. The company serves over 16,000 customers and has a customer growth rate of approximately 60% year-over-year. Vanta's net revenue retention has remained above 100% for the last two years. The rise in demand is linked to the proliferation of shadow AI tools adopted by employees without security review, with 70% of companies experiencing this issue. Vanta was founded in 2018 and has raised over $500 million in funding.
Read at Fortune
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