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Vanta Hits $300M ARR as 'Shadow AI' Explodes — 70% of Companies Have Unauthorized AI Tools
Fortune exclusive reports Vanta crossed $300M ARR (up 69% YoY, tripled in 2 years) with 16,000+ customers including Snowflake, Atlassian, Ramp, Cursor, and Harvey. The growth driver is 'shadow AI' — Vanta's data shows 70% of companies now have AI tools adopted without security review, LLMs are flagged as high-risk 52% more often than traditional SaaS, and employees reinstall revoked AI tools ~1,000 times annually per company. Most-reinstalled tools: Claude, ChatGPT, Cursor. AI adoption is creating a compliance demand wave that Vanta is riding from security tool to mandatory enterprise infrastructure.
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