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Vanta Hits $300M ARR (3x in 2 Years) — Shadow AI Explosion Drives Compliance Demand, 70% of Companies Have Unsanctioned AI Tools
Fortune reports (April 29) that Vanta crossed $300M ARR, tripling in two years, now serving 16,000+ organizations from AI startups (Harvey, Lovable, Cursor) to enterprises (Atlassian, Snowflake). The growth catalyst: 70% of companies now have shadow AI tools deployed without security review, and LLMs are 52% more likely to receive a high-risk designation in Vanta versus traditional SaaS. Last valued at $4.15B with ~1,000 employees. For builders: shadow AI compliance is becoming as mandatory as SOC 2 was for cloud SaaS.
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