anecdotes Secures $5M Seed Funding For Enterprise-Grade Compliance Platform
The round is co-led by Glilot Capital Partners and Aleph who are joined by angel investors including the former CISO of Google and former CRO of CyberArk.
Tel Aviv, Israel, February 10, 2021 – anecdotes, the first enterprise-grade compliance solution, announced $5M in a seed round funding co-led by Aleph and Glilot Capital partners with participation from industry leaders including Gerhard Eschelbeck, former CISO of Google, and Ron Zoran, former CRO of Cyberark. The seed round aims to spur faster adoption of the platform amongst mature enterprises and hyper-growth companies with complex compliance, enabling a frictionless experience.
anecdotes’ funding round comes amidst projections that infosec compliance spending will double in the US over the next four years, from $30 billion to $60 billion. This spending comes as compliance costs top $3.5M on average annually and cumbersome, labor-intensive procedures burden compliance teams with months of evidence collection to comply with a single framework. However, most available solutions focus solely on automating the simple compliance demands of SMBs without any cross framework capabilities, leaving enterprises empty-handed.
With anecdotes’ SaaS platform, enterprises in need of a comprehensive, scalable solution for multiple frameworks enjoy onboarding that takes just minutes with instant setup and dozens of out-of-the-box plugins. Once connected, customers gain access to a powerful suite of features, including automated evidence collection from multiple sources in cloud environments and SaaS products, and seamless data normalization, no specialized expertise needed. The platform also provides unified visibility and transparency for everyone involved, from the compliance leader and auditor to the internal stakeholders, which is especially important while working remotely and embracing new regulations.
“We were well aware of the need for our solution, but the response far exceeded our expectations from day one, with several major companies overburdened with compliance issues requesting immediate onboarding,” said anecdotes Co-founder and CEO Yair Kuznitsov. “This funding isn’t just a big vote of confidence from VCs and industry experts, it’s also a crucial step to enable us to quickly help more enterprises in a market with an urgent need for our solution. The status quo is costing a tremendous amount of time and money, which we’re able to drastically reduce while ensuring brands’ trustworthiness and security.”
“anecdotes solves one of the most profound infosec compliance challenges organizations face today,” said Kobi Samboursky, Co-Founder and Managing Partner from Gilot Capital Partners “The company is uniquely positioned to disrupt the compliance ecosystem, which is why some of the world’s leading enterprises rely on anecdotes’ innovative solution.”
anecdotes was founded by CEO Yair Kuznitzov, CPO Roi Amior, and CTO Eitan Adler, with the mission of empowering compliance leaders with innovation by streamlining their infosec compliance efforts. The anecdotes cloud platform is the first enterprise-grade solution that automates the tedious, unreliable manual work of the evidence collection process, lifting the compliance burden off your organization. The platform continuously collects and maps relevant data into normalized, credible evidence and offers advanced visibility and data sharing to ensure the best collaboration between the compliance leader and the auditor. anecdotes is trusted by large enterprises around the world, backed by top VCs and has the enduring goal to help compliance leaders to scale their compliance efforts with ease.
To learn more about anecdotes, visit https://www.anecdotes.ai/.
“The company is uniquely positioned to disrupt the compliance ecosystem, which is why some of the world’s leading enterprises rely on anecdotes’ innovative solution.” – Kobi Samboursky, Managing Partner, Glilot Capital