Compliance solutions provider Laika this week announced raising $50 million in a Series C funding round that brings the total investment in the company to $98 million.
The new funding round was led by Fin Capital, with additional participation from new and existing investors, including Centana Growth Partners, Canapi, J.P. Morgan Growth Equity Partners, and ThirdPrime.
Founded in 2019, the New York-based firm provides organizations with end-to-end software and services that ensure information security compliance.
The company’s platform delivers compliance automation and audit management, bringing all audits in a single place for easy progress tracking. It also coordinates the audits and combines them for increased visibility.
The company says that it has increased the size of its team by 50% over the past year, and that it grew its customer base ten-fold during the same period.
Laika plans to invest in product development, sales growth, and marketing.
“I’ve seen digital compliance become a serious blocker for founders and innovators. But beyond blockers are the potential risks, including serious financial, reputational, and even criminal penalties. Laika mitigates these risks by marrying automation best practices in software development with principled fundamentals borne from audits in finance,” Laika co-CEO Austin Ogilvie said.
Related: Security Posture Management Firm Veriti Emerges From Stealth With $18.5M in Funding
Related: Darwinium Raises $10 Million for Customer Protection Platform
Related: Cloud-Native Application Security Firm Apiiro Raises $100 Million
Related: Binary Defense Raises $36 Million for MDR Platform

More from Ionut Arghire
- Information of 2.5M People Stolen in Ransomware Attack at Massachusetts Health Insurer
- US, South Korea Detail North Korea’s Social Engineering Techniques
- High-Severity Vulnerabilities Patched in Splunk Enterprise
- Enzo Biochem Ransomware Attack Exposes Information of 2.5M Individuals
- Google Temporarily Offering $180,000 for Full Chain Chrome Exploit
- Toyota Discloses New Data Breach Involving Vehicle, Customer Information
- Adobe Inviting Researchers to Private Bug Bounty Program
- Critical Vulnerabilities Found in Faronics Education Software
Latest News
- OpenAI Unveils Million-Dollar Cybersecurity Grant Program
- Galvanick Banks $10 Million for Industrial XDR Technology
- Information of 2.5M People Stolen in Ransomware Attack at Massachusetts Health Insurer
- US, South Korea Detail North Korea’s Social Engineering Techniques
- High-Severity Vulnerabilities Patched in Splunk Enterprise
- Idaho Hospitals Working to Resume Full Operations After Cyberattack
- Enzo Biochem Ransomware Attack Exposes Information of 2.5M Individuals
- Apple Denies Helping US Government Hack Russian iPhones
