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Vanta Crosses $300M ARR as Shadow AI Explodes — 70% of Companies Have Unreviewed AI Tools, LLMs 52% More Likely to Get High-Risk Designation
Vanta hit $300M ARR just 9 months after reaching $200M, tripling in two years with 60% YoY customer growth accelerating every quarter. The catalyst: 70% of companies now have 'shadow AI' — tools employees adopted without security review. LLMs are 52% more likely to receive a high-risk designation in Vanta versus traditional SaaS. The company serves 16,000+ customers (Snowflake, Atlassian, Ramp, Cursor, Harvey) at a $4.15B valuation. Shadow AI compliance is emerging as the highest-growth category in security SaaS.
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