Compliance automation startup Strike Graph gets Madrona Venture Group-led seed investment

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Compliance automation startup Strike Graph has netted $3.9m in its seed round.

Madrona Venture Group led the investment, with contributions also coming from Amplify.LA, Revolution’s Rise of the Rest Seed Fund and Green D Ventures.

The RegTech company was founded by Justin Beals and Brian Bero in partnership with Madrona Venture Labs to help eliminate confusion around cybersecurity audit and certification processes.

With the close of the round, the company is looking to hire additional engineering and cybersecurity staff members. Once these positions are filled, the company hopes to expand beyond SOC 2 support and automate

The Strike Growth platform enables companies to scope the correct size audit, dynamically adjust controls and successfully complete a security certification with an internationally recognised auditor.

Strike Graph CEO and co-founder Justin Beals said, “Security certifications allow companies to prove they can be trusted to protect shared data that is a required part of doing business. The Strike Graph platform helps companies identify the appropriate controls, conduct their risk assessments, and then automate the maintenance of auditable cybersecurity certifications.

“Our pilot program was oversubscribed by 250% in our first six months. The support from Madrona Venture Group will help scale our business to meet burgeoning demand.”

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