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Accel leads $20m round in Sprinto as it helps businesses build trust through its compliance and risk platform

Published

6 months ago

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–News Direct–

Businesses are facing mounting pressure to prioritize security risks and ensure compliance with leading security and privacy standards. Non-adherence can result in loss of business, hefty regulatory fines, and damage to reputation. However, despite the critical importance of these activities, they struggle to build a robust, responsive risk and compliance program due to the amount of manual work involved and the limited availability of resources.

Helping businesses to address these challenges, leading automated risk and compliance platform Sprinto is today announcing a $20m funding round. Accel led the series B funding round with participation from existing investors Elevation Capital and Blume Ventures. Including this round, Sprinto has raised $31.8 million to date. Sprinto will use the fresh funds for R&D, with a sharp focus on intelligent automation and AI, and expanding into new markets.

Sprinto foudners: Girish Redekar and Raghuveer Kancherla
Sprinto foudners: Girish Redekar and Raghuveer Kancherla

To empower businesses in navigating risk and compliance with clarity and confidence, Sprinto has pioneered technology rooted in intelligent automation that eliminates barriers to establishing trust. The platform plugs into a company's processes to create intelligent workflows using AI. By doing so, Sprinto tears down silos and produces a connected view of assets, risks, controls, and compliance. This structured approach enhances security programs, fostering seamless operations and tangible results.

Founded in 2020 by Girish Redekar and Raghuveer Kancherla, Sprinto marks their second entrepreneurial endeavor. The company has amassed thousands of customers and extended its reach to more than 75 countries. The co-founders observed first-hand the challenges of dealing with compliance with their first venture Recruiterbox (acquired in 2018). They found it to be tedious, manual, confusing, and costly. Sprinto was born out of this frustration, designed and engineered to help other companies eliminate busywork through intelligent automation, liberating themselves from compliance drudgery and reclaiming time to do business.

Girish Redekar, co-founder and CEO of Sprinto, said: Companies are increasingly dependent on third and fourth parties to provide mission-critical services from payroll processing to managed web hosting. Its inevitable that this will expose them to vulnerabilities. They are doing their best to follow best practices for cybersecurity, but less than a quarter of execs believe they are meeting the bar (Bain & Company). Compliance serves as a way of seeding good security behaviors that help maintain security while ensuring high operating standards, high service levels, and risks under control. Ive seen how CEOs are now increasingly engaged in risk and compliance-related projects, transitioning from viewing it solely as a monitoring and reporting mechanism for regulators to recognizing its potential as a driver of growth. Trust is the currency of any business transaction. Removing barriers to establishing trust can hyper-accelerate the GDP growth of B2B commerce. We are committed to building the technology that enables this mission.

Sprinto customer Alessio Panni, Partner and Head of Cloud & Platforms practice at Prometeia commented: "As a leading company in the field of consulting services and software solutions for the financial sector, we firmly believe security and compliance lie at the very heart of our SaaS Cloud offering for risk management and wealth management. Sprinto is our trusted security and compliance platform, enabling us from the early days to enhance protection for our client's assets and to accelerate the path towards secure growth and compliance goals.

The Governance, Risk, and Compliance (GRC) market is undergoing unprecedented changes. Total spending reached $54.61 billion in 2023, and its expected to climb to $134.86 billion in 2030 (source: Grandview Research). With its automation-first, intelligent, and adaptive risk and compliance platform, Sprinto is primed to succeed. The founding team and core leadership bring together decades of collective SaaS experience, drawing from diverse backgrounds as former founders, investors, and senior management professionals at companies like IBM, McKinsey, LinkedIn, Tata Consultancy Services, and BrowserStack.

Shekhar Kirani, Partner at Accel, commented: With the proliferation of data across digital platforms, the secular shift to the cloud, and the growing adoption of SaaS tools, information security is gaining central importance in the enterprise. Every company – whether tech-enabled or traditional, large or mid-sized – is increasingly required to comply with standard frameworks and protocols. Sprinto is doing an incredible job of helping companies focus on their core business by making compliance low-touch, automated, and efficient. With a deep understanding of the product and a sharp focus on execution, Sprinto has been on a rare growth trajectory. We are thrilled to partner with Girish, Raghuveer, and their team at Sprinto in their mission to ensure that compliance becomes a driver of growth for businesses,

Ravi Adusumalli, Co-managing Partner, Elevation Capital added: "We are thrilled to deepen our partnership with Sprinto as they continue to disrupt cloud security and compliance. Girish, Raghu, and the team have created a superior and comprehensive product, enabling hundreds of customers to achieve their compliance necessities. Sprinto's reviews and customer feedback are a testament to the product quality, which has enabled the company to grow over twenty times in a highly capital-efficient way since we led their Series A fundraising in 2021."

About Sprinto

Thousands of ambitious businesses trust Sprinto to streamline and automate their risk and compliance. Sprinto supports all major standard security frameworks, including SOC 2, ISO 27001, GDPR, HIPAA, and PCI-DSS, as well as custom frameworks tailored to your needs. With flexible and intelligent features, including adaptive automation, Sprinto equips businesses with a comprehensive toolkit to navigate cyber risk and regulatory requirements seamlessly, ensuring that compliance and audits never hinder growth.

About Accel

Accel is a leading global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, BrowserStack, Flipkart, Freshworks, Cure.fit, Musigma, Mensa Brands, Myntra, Swiggy, Urban Company, Zetwerk, and Zenoti, among many others. We help ambitious entrepreneurs build iconic global businesses. For more information, visit www.accel.com

About Elevation Capital

Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies in India. Having invested in India since 2002, Elevation has deployed over $2 billion of capital in over 150 companies. The firm announced its eighth pool of capital of $670 million in April 2022. Co-led by Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja, the firm has invested across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech, Gaming, and Deeptech. Elevation Capital has offices in Bengaluru and Gurgaon. For more information, visit elevationcapital.com

About Blume Ventures

Blume is an early stage venture fund that backs startups with both funding as well as active mentoring. We typically invest in tech-led startups, led by founders who are obsessed with solving hard problems, uniquely Indian in nature, and impacting large markets. Our vision is to be the leading platform that sources, funds, nurtures, and creates value for India's brightest young startups helping them blume. For more information, visit blume.vc

Contact Details

Sprinto

Bilal Mahmood

+44 7714 007257

b.mahmood@stockwoodstrategy.com

Company Website

https://sprinto.com/

View source version on newsdirect.com: https://newsdirect.com/news/accel-leads-20m-round-in-sprinto-as-it-helps-businesses-build-trust-through-its-compliance-and-risk-platform-290531532

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Press Release

Corporate Essentials Launches Premium Promotional Merchandise to Elevate Brand Visibility in Australia

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33 mins ago

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October 20, 2024

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Australia, 20th Oct 2024 – Corporate Essentials, Australia’s leading provider of high-quality promotional merchandise, is proud to offer an extensive range of promotional products designed to elevate brand visibility and create lasting connections with customers. With products tailored to suit various corporate events, trade shows, and client appreciation initiatives, Corporate Essentials provides the perfect solution to strengthen your brand’s identity and values.

Promotional products are more than just marketing tools—they are a tangible representation of a brand’s commitment to its clients. At Corporate Essentials, we understand the importance of choosing promotional gifts that resonate with your target audience and leave a lasting impression. Whether you are looking for customized apparel, eco-friendly products, high-tech gadgets, or everyday essentials, our comprehensive selection has been curated to cater to every business need.

Branded Marketing Solutions That Make a Difference

From promotional water bottles to leather compendiums and high-tech backpacks, Corporate Essentials specializes in high-quality branded merchandise that reflects your business identity. Our custom drink bottles and branded vacuum flasks are especially popular among businesses seeking functional yet stylish products that their clients will use daily, helping to keep your brand top of mind.

For example, our High Sierra Swerve Big Wig 17-inch Compu Backpack offers both durability and practicality, making it a favored promotional product for businesses looking to make a strong impact at corporate events or as a unique client gift. Similarly, our leather compendiums serve as elegant, professional gifts that add value and prestige to your brand.

All of our products, including the much-sought-after compendiums and custom drink bottles, can be personalized to ensure they communicate your company’s message effectively. Our branded vacuum bottles provide an eco-friendly option for companies eager to align their values with sustainability, while still maintaining a sleek and professional aesthetic.

Commitment to Quality and Customer Service

At Corporate Essentials, we take pride in offering not only exceptional promotional items but also first-rate customer service. We understand that every business is unique, which is why we work closely with our clients to select promotional merchandise that aligns perfectly with their marketing goals. Our expert team is always on hand to offer advice and help you choose the best products for your campaign, ensuring you maximize your return on investment.

With fast turnaround times and a strong dedication to quality, Corporate Essentials is committed to ensuring that your promotional items are delivered on time and to your exact specifications. Whether you are looking for promotional merchandise for a major corporate event or as part of your everyday marketing strategy, we have the products and expertise to help you stand out in Australia’s competitive market.

Discover how Corporate Essentials can elevate your brand’s presence with premium promotional merchandise. Visit Corporate Essentials to explore the full range of customizable products designed to make your brand stand out.

About Corporate Essentials

Corporate Essentials is a trusted provider of premium promotional merchandise in Australia, specializing in custom-branded gifts that help businesses enhance their visibility and client engagement. With a wide range of products—from custom drink bottles and branded vacuum bottles to high sierra backpacks and leather compendiums—Corporate Essentials offers tailored solutions that ensure your brand is seen and remembered.

Media Contact

Organization: Corporate Essentials

Contact Person: Gavin Sekler

Website: https://www.corporateessentials.com.au/

Email: Send Email

Contact Number: +61395338544

Country: Australia

Release Id: 20102418703

The post Corporate Essentials Launches Premium Promotional Merchandise to Elevate Brand Visibility in Australia appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Magic Compass Prime Received “Prime Player in Forex Industry 2024” Award at Forex Expo Dubai

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2 hours ago

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October 20, 2024

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Dubai, UAE– From October 7-8, MC Prime participated at Forex Expo Dubai 2024, the region’s largest forex event. The expo gathered over 160 companies and 18,000 attendees from 35 countries, including top brokers, traders, and financial institutions. As a Diamond Sponsor at Booth No. 140, MC Prime presented its cutting-edge trading solutions and its Introducing Broker (IB) program to expand its network of partners.

“The expo provides an excellent opportunity to engage with current and prospective IB partners. Our IB program features a highly appealing seven-level reward structure based on net deposits and trading volume, offering partners benefits such as spread rebates of up to $75 per lot and cash bonuses of up to $500,000,” said Albert Li, Head of Business at MC Prime.

The IB program’s launch garnered significant interest, with many attendees eager to join. Partners expressed enthusiasm not only for the financial incentives but also for the comprehensive marketing support and educational resources designed to drive growth and client engagement.

As a leading Broker, MC Prime also highlighted its advanced trading services at the expo. The bustling exhibit provided attendees with hands-on access to MC Prime’s state-of-the-art trading platform, featuring over 200 trading instruments, leverage up to 1:1000, zero commissions, and low spreads. It further underscored its commitment to delivering a seamless trading experience, by showcasing multiple payment options, a MAM (copy trading) system, 24/7 multilingual customer support, and more.

In recognition of its achievements, MC Prime was honored at the expo’s awards ceremony, receiving the prestigious “Prime Player in Forex Industry 2024” title. This accolade recognizes MC Prime’s dedication to providing innovative trading solutions and its commitment to excellence in the forex industry.

Reflecting on the success of the event, MC Prime looks forward to deepening its collaborations, expanding its offerings, and driving growth for partners and clients, with a particular focus on the Southeast Asian market.

About MC Prime

Magic Compass Prime is a subsidiary of Magic Compass Group, founded in 2006, with offices in Hong Kong, Singapore, and other key locations. The company is dedicated to providing innovative trading solutions and exceptional client service. Magic Compass Prime upholds the highest standards of transparency, security, and cutting-edge technology, empowering traders and partners to shape the future of trading in global financial markets

Website: www.mc-prime.com/en

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

Barry Hong

MC Prime

Barry at mc-prime.com

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Press Release

Sky-Blue Sets New Standards in Aviation with Custom-Designed, Eco-Friendly In-Flight Products

Published

22 hours ago

on

October 19, 2024

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Reading, UK, 19th October 2024, ZEX PR WIRE, The global aviation industry is evolving, with airlines seeking innovative, sustainable solutions to enhance passenger experience while addressing environmental concerns. Sky-Blue, a leading designer and supplier of in-flight products, is rising to meet these demands. From eco-friendly textiles to bespoke amenity kits, Sky-Blue offers a unique blend of design-driven innovation and expert sourcing solutions, ensuring airlines worldwide can provide a superior, environmentally responsible service to their passengers. More information can be found at https://www.sky-blue.uk.

Elevating the Passenger Experience

Sky-Blue understands that every airline has its own identity, brand message, and passenger expectations. By offering bespoke design services, Sky-Blue allows airlines to curate in-flight products that perfectly reflect their brand and enhance the overall passenger experience. From luxurious amenity kits to customized cutlery and elegant glassware, Sky-Blue designs products that not only look beautiful but also perform flawlessly, creating lasting impressions in the sky.

“We believe that innovation and sustainability can go hand in hand,” said a spokesperson for Sky-Blue. “Our in-house design team works closely with our clients to ensure every product we deliver is tailored to their needs, while also contributing to a greener future for the airline industry.”

Sky-Blue’s offerings include a wide range of in-flight products, such as:

  • Amenity Kits: Personalized, premium kits for all cabin classes, featuring eco-friendly materials and innovative designs.

  • Cutlery & Tableware: Lightweight, durable, and elegant dining solutions, ranging from stainless steel to biodegradable materials.

  • Textiles: Sustainable fabrics for blankets, pillows, and napkins that are both soft and environmentally responsible.

  • Glassware: Beautiful, high-quality glassware collections, including stemless options for wine, champagne, and spirits.

  • Serving Items & Galley Equipment: Functional yet stylish items designed to enhance in-flight food service.

Whether you’re catering to first-class passengers or providing efficient, durable products for economy cabins, Sky-Blue ensures that each product reflects the highest standards of quality and innovation.

Design-Driven Innovation

What sets Sky-Blue apart is its focus on design-driven innovation. Sky-Blue’s in-house design team uses cutting-edge 3D visualization technology to work hand-in-hand with airline partners, creating products that are both visually appealing and technically sound. This close collaboration ensures that every detail, from the material selection to the final product design, aligns with the airline’s brand identity and the functional needs of in-flight service.

One of Sky-Blue’s flagship offerings is its Bone-China Collection—a timeless blend of sophistication and practicality. Lightweight yet durable, this collection redefines the dining experience onboard, particularly in first and business class. Alongside this, their Sky-Blue Tableware Collection provides an extensive range of durable and elegant options that balance design with function.

Sustainability at the Core

In a world where environmental responsibility is more critical than ever, Sky-Blue is committed to offering products that help reduce the aviation industry’s carbon footprint. This commitment to sustainability is evident in their extensive use of recyclable, biodegradable, and reusable materials.

“As the airline industry works towards reducing its environmental impact, we’re proud to be at the forefront, offering products that not only deliver on quality but also contribute to a more sustainable future,” the spokesperson added.

From using eco-friendly textiles to creating biodegradable amenity kits and tableware, Sky-Blue ensures that airlines can offer passengers the very best in comfort and convenience while staying mindful of the planet. The company’s Sustainability Vision focuses on leading the industry toward using fully recyclable and compostable in-flight products, setting a new standard for eco-conscious air travel.

Expert Sourcing and Logistics

Sky-Blue has built a strong reputation for its expert sourcing and logistical capabilities. The company boasts an extensive network of trusted factories, ensuring that all products meet the highest standards of quality and are delivered on time. This network, combined with Sky-Blue’s own distribution facility and logistical framework, guarantees reliable service, allowing airlines to maintain smooth operations and ensure passenger satisfaction.

From sourcing cutlery to managing the entire logistical supply chain, Sky-Blue is a trusted partner for airlines seeking seamless integration of in-flight products into their service offerings.

Curating Excellence for Every Cabin Class

Sky-Blue’s diverse product range caters to all cabin classes, from first and business class to premium economy and economy. Their ability to customize products for different levels of service allows airlines to provide passengers with a consistent, high-quality experience, no matter where they are seated.

  • First/Business Class: Elevate luxury with bespoke bone china, premium textiles, and custom-designed glassware.

  • Premium Economy: Offer a touch of elegance with tailored cutlery, serving items, and textiles designed for comfort.

  • Economy: Provide functional, durable products that balance practicality and design, ensuring passengers enjoy a seamless experience.

With Sky-Blue, every airline has the opportunity to differentiate itself, offering passengers not just a flight but an unforgettable experience.

Bespoke Design Services: Bringing Your Vision to Life

At the heart of Sky-Blue’s offerings is its bespoke design service. Sky-Blue’s design team works closely with airlines to create products that are fully customized, ensuring that every detail is perfect. Whether it’s creating unique patterns, choosing sustainable materials, or adding brand logos, Sky-Blue ensures that every product is tailor-made to meet the airline’s specific needs.

“Bespoke products allow airlines to reinforce their brand identity,” said the spokesperson. “With custom-made products, airlines can offer passengers something truly unique, setting them apart in a competitive industry.”

By incorporating the airline’s brand elements into the design, Sky-Blue’s bespoke solutions create products that feel cohesive, luxurious, and memorable.

A Trusted Partner in the Skies

With years of experience and a reputation for excellence, Sky-Blue has become the trusted partner for airlines seeking to enhance their in-flight product offerings. Sky-Blue’s expertise in design, sourcing, and sustainability, combined with its commitment to delivering bespoke, high-quality products, makes it the go-to supplier for airlines around the globe.

Sky-Blue’s mission is to revolutionize the airline industry by designing and supplying bespoke, sustainable products that enhance the passenger experience, while their vision is to set new industry standards in inflight comfort and environmental responsibility.

For more information about Sky-Blue’s products and services, visit www.sky-blue.uk, or contact them at +44 (0)118 958 9524 or via email at info@sky-blue.uk.

About Sky-Blue

Sky-Blue is a leading designer and supplier of bespoke in-flight products for the global airline industry. Offering everything from custom-designed tableware and glassware to eco-friendly textiles and amenity kits, Sky-Blue focuses on creating innovative, sustainable solutions that enhance the passenger experience. With a commitment to environmental responsibility, Sky-Blue works closely with airlines to deliver products that not only meet their needs but also help reduce their carbon footprint. Based in Reading, UK, Sky-Blue serves airlines worldwide, bringing excellence to the skies one product at a time.

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