Vanta Crosses $300 Million in Annual Recurring Revenue as Customer Growth Accelerates to 60 Percent

Sources with knowledge of Vanta’s balance sheet stated that the company’s net revenue retention has increased every quarter for the last two years and remains over 100 percent. Vanta now serves more than 16,000 customers, including Snowflake, Atlassian, Duolingo, Ramp, Cursor, and Harvey.

Vanta has raised more than $500 million since its founding. The company was founded by CEO Christina Cacioppo and engineer Erik Goldman out of Y Combinator in 2018.

Christina Cacioppo taught herself to code from books before writing Vanta’s first prototype. Vanta has roughly 1,000 employees. Data from Vanta’s third-party risk management product, released in a recent report, shows that 70% of companies have shadow AI.

According to Vanta, large language models are 52% more likely to be flagged as critical risk than traditional SaaS. The average company sees employees reinstall an AI tool 1,000 times after security has revoked it in a single year, Vanta reported. The most-reinstalled AI tools are Claude, ChatGPT, and Cursor, per Vanta.

“There’s this push-pull going on at an actually really broad scale,” Christina Cacioppo told Fortune, describing executives demanding AI transformation while security teams scramble to assess what’s already on the network. “AI is exciting, but also scary and risky,” Cacioppo said.

-based developer of space technology, raised $650 million in Series D funding. Eclipse and Riot Ventures led True Anomaly's Series D round, which included Paradigm, Atreides, G Squared, The Private Shares Fund, VanEck, and others. -based dog food company, raised $37 million in funding from Atomic, A*, and Redpoint Ventures.

Fence, a New York City-based developer of internet-native infrastructure for debt capital markets, raised $20 million in funding. Galaxy Ventures led Fence's funding round, which included existing investors ParaFi Capital and Crane Venture Partners. Windmill, a New York City-based AI-powered performance review platform, raised $12 million in funding.

Inspired Capital led Windmill's funding round, which included Primary Venture Partners, Founder Collective, and Oceans Ventures. - Redpine, a Stockholm, Sweden-based knowledge layer for agentic AI, raised €6.8 million ($8 million) in seed funding. NordicNinja led the round and was joined by Luminar Ventures, node.vc, and angel investors.

Dex, a London, U.K.-based AI talent agent, raised $5.3 million in seed funding. Notion Capital led the round, which included a16z Speedrun, Concept Ventures 2100, and angel investors.

Betterness, a Miami, Fla.-based developer of autonomous AI agents for personalized wellness, raised $2.5 million in seed funding from Martin Varsavsky, Justin Stone, and others. - Tapaya, a Prague, Czech Republic-based payments infrastructure startup, raised €1 million ($1.18 million) in pre-seed funding. Passion Capital and Depo Ventures led the round and were joined by BADideas.fund.

PRIVATE EQUITY - Artemis acquired Optikos, a Wakefield, Mass.-based optical technologies company. Financial terms were not disclosed. - ClearCourse, backed by Aquiline, acquired Kurve, a Newport, Wales-based developer of self-service kiosk technology.

Financial terms were not disclosed. - Superior Health Partners, a portfolio company of Renovus Capital Partners, acquired Chant Healthcare, a Stigler, Okla.-based provider of home health, home care, and hospice services operating through Compassion Homecare and Sans Bois Hospice. Financial terms were not disclosed.

Valor Exterior Partners, a portfolio company of Osceola Capital, acquired Associate Roofing, a Braintree, Mass.-based exterior home services company. Financial terms were not disclosed.

EXITS - Acron Technologies acquired Sightline Intelligence, a Portland, Ore.-based video processing and AI-powered defense solutions company, from Artemis Capital Partners.

Financial terms were not disclosed. - Protective Life Corporation agreed to acquire Obsidian Insurance Holdings, a New York City-based property, casualty, and specialty insurance platform, from Genstar Capital. Financial terms were not disclosed.

PEOPLE - InTandem Capital Partners, a New York City-based private equity firm, appointed Elliot Cooperstone CEO and managing partner, Brad Coppens president and managing partner, Chris Reef to partner, Aaron Newman as principal, Lauren Mangino to managing director, and Jackson Monnin to vice president.