Cybersecurity compliance startup Strike Graph Inc. announced today that it has raised $8.5 million in new funding to assist in market expansion and to further develop its artificial intelligence technology.

Founded in 2022, Strike Graph offers a “Trust Operations” platform that helps customers design, operate and measure their security programs without the need for complicated processes, costly audit firms or automation. The company claims that for many of its customers, achieving compliance with Strike Graph is 80% faster from start to certification.

The Strike Graph platform offers support for certifications across various industries, including the Health Insurance Portability and Accountability Act, System and Organization Controls 2, Information Security Management Systems ISO 27001 and 27701, the Payment Card Industry Data Security Standard, the Federal Risk and Authorization Management Program, the California Consumer Privacy Act / California Privacy Rights Act, the Trust Information Security Assessment Exchange standard and the European Union’s General Data Protection Regulation.

Using Strike Graph, users can create a comprehensive security program that mitigates risk, centers trust and meets regulator requirements. Dashboards on the platform allow for distributed responsibility and strategic automation and users can track their progress across multiple frameworks and teams and produce trust assets to strengthen relationships and create opportunity.

The platform also allows users to consolidate their security processes into one flexible, centralized platform with “no more siloed information or missed deadlines.” The company has seen solid growth, with notable customers including Outband AI Inc., Suitable Technologies Inc., Sumatra Bioseciences LLC, Lydia AI Inc., BlueFletch Inc. and Spiral Ventures Inc.

The round was led by BAMCAP Capital Partners LLC, with participation from existing investors Madrona Venture Group LP, Information Venture Partners LLC and Rise of the Rest Fund LLC. Jim Sheward, a partner at BAMCAP, will join Strike Graph’s board.

“Our value is derived from offering an innovative and successful product to our customers, who are product-driven, so we’ll continue to develop the best features in the risk and TrustOps marketplace,” co-founder and Chief Executive Justin Beals said ahead of the announcement. “BAMCAP’s leadership experience will help us reach more customers on a global scale.”

Including the new funding, Strike Graph has raised about $21.4 million to date, according to data from Tracxn.

Image: Strike Graph