Strike Graph, a Seattle-based compliance software startup raises $8M in order to grow and expand its services

Strike Graph’s leadership team in a Zoom chat, clockwise from top left: Justin Beals, Sally Moore, Micah Spieler, Juliett Eck and Brian Bero. (Strike Graph Image)

The company has announced that StrikeGraph, a Seattle-based startup in compliance automation, raised $8 million through a Series A round of funding.

Strike Graph was launched in 2020 by Madrona Venture Labs . It is software that allows companies to simplify the SOC 2 certification process and reduce costs.

Strike Graph’s intelligent platform gathers information about customers to help them identify security actions that are important for their compliance.

Justin Beals , cofounder and CEO of the company, stated that “We don’t treat all customers equally and our solution can be customized.” We organize the customer’s best practices first so that they can apply cybersecurity controls across various standards, security questionnaires, and trust activities.

Strike Graph’s international growth is impressive and it plans to continue expanding upon the existing frameworks that are supported by ISO 2700x and CCPA. Strike Graph’s platform has seen a 4x increase in user adoption since October 2020. To date, 100% have received a clean audit report.

Beals is the company’s leader, having worked at NextStep and Koru as well as other startups. He also works with Brian Bero who co-founded Apptio, Seattle’s tech icon, and sold security startup Greytwist, to SmartRIA.

Strike Graph raised $3.9 Million during an October 2020 seed round. To date, $11.9 million has been raised in funding. Information Venture Partners led the latest round with previous investors Madrona Venture Group and Amplify.LA as well as Revolution’s Rise of the Rest Seed Fund, Green D Ventures, Revolution’s Rise of the Rest Seed Fund, Green D Ventures, and Revolution’s Rise of the Rest Seed Fund.

The company currently employs 25 people and is looking for remote roles in engineering, marketing and product development.

Publiated at Tue 14 Sep 2021, 14:06:07 +0000

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