SAN FRANCISCO–(BUSINESS WIRE)–Sprinto, the compliance automation platform of choice for fast-growing cloud companies, today announced the launch of Sprinto Ignite, its new program for fast-growing tech startups and SMBs that provides access to Sprinto’s enterprise-grade compliance automation platform and compliance advice at a disruptive, a startup-friendly cost.
“Startups are the engine of growth for our global economy, but this growth is at risk as mandatory compliance challenges become increasingly complex and costly,” said Girish Redekar, Co-Founder, Sprinto. “Sprinto Ignite was conceived knowing that compliance can be a growth lever that gives startups an extra edge, allowing them to scale with consistency, focus and high velocity.”
Sprinto Ignite is designed to empower startups with a sophisticated compliance strategy at the critical stage when compliance challenges are highest, but time and funds are most limited. Opportunity abounds with the global SaaS market exploding and projected to reach $700 billion by 2030 (and the United States SaaS market seeing an anticipated 11.2-percent CAGR through 2028), however regulations also continue to increase globally with companies facing steep fines for compliance shortcomings. Compliance has become fundamental to a company’s success, with 44-percent of companies requiring vendors to provide proof of cybersecurity to compete in RFPs. But, startups face greater hurdles due to the high cost, complexity and time involved — ultimately limiting their ability to innovate, break into new markets and compete against larger, more established players.
Sprinto Ignite solves this challenge for startups by blending its Sprinto compliance automation platform with compliance experts, training modules and auditors in a curated program built for needs of startups — at disruptive, startup-friendly prices. It brings ready-to-launch compliance programs, direct support and contactless audits, allowing startups to quickly improve operations, strengthen their security posture, and signal maturity and resilience to customers and enterprises — ultimately shifting compliance from a burden to a growth lever.
“Security compliance is a table-stakes requirement in the Incentive Compensation Market as we handle sensitive customer data to calculate sales executives’ commissions,” said Vivek Suriyamoorthy, Co-Founder and Chief Technology Officer, Everstage. “Sprinto’s automated solution has been instrumental in fueling our 5X annual growth. By strengthening our security posture with SOC2 and SOC1 compliance, we’re able to leap into new markets and secure major enterprise deals. This success would not have been possible without Sprinto.”
This launch follows the company’s recent $10 million in Series A funding (led by Elevation Capital with participation from Accel, and Blume Ventures) to accelerate Sprinto’s mission of democratizing compliance. Since its founding in 2020, Sprinto has attracted a growing customer base around the globe with innovators such as HackerRank, Everstage, Mobstac, Beconstac and more, along with numerous awards from the business technology peer review site G2.
Sprinto Ignite is open to eligible startups and is now accepting applications. To learn more, visit https://sprinto.com/ignite.
About Sprinto
Sprinto is a security compliance automation platform purpose-built for fast-growing cloud companies. The platform is engineered to monitor security risks and control measures via automated checks, freeing engineering teams to focus on building the product and helping leadership focus on growing the business. By raising the bar on security, Sprinto ensures compliance, healthy operational practices, and the ability to grow and scale with unwavering confidence. Headquartered in India with offices in San Francisco, California, Sprinto serves 300+ customers across 25 countries and supports 15 security compliances across geographies.
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November 19, 2022 at 09:15PM
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