“Expanding Its Governance, Risk Management, and Compliance Enterprise: Anecdotes Secures $25M Investment”

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Governance, risk management and compliance — GRC for short — remains one of the most active startup areas in terms of VC investments. GRC helps organizations better manage risk while staying in compliance with regulations — and there’s an increasing number of regulations to worry about. “Anecdotes is redefining compliance and risk management by transforming it from a labor-intensive task with skyrocketing associated costs into data-oriented processes.”Anecdotes’ platform automatically collects GRC-related “artifacts” (i.e. Anecdotes’ competitors include VComply, a risk and compliance management startup that’s raised over $10 million in venture capital so far, and Cypago, which aims to automate compliance and governance for companies. Kuznitsov asserts that Anecdotes is well-positioned, though, with around 100 customers including Snowflake, Coinbase SoFi, Grafana and Payscale.