Vanta Notches $4.15 Billion Valuation With New Funding Round

Compliance tech startup Vanta Inc. reached a valuation of $4.15 billion in a new $150 million funding round — adding billions to its value, and signaling investors’ interest in companies using artificial intelligence to streamline complicated corporate tasks.

The financing was led by Wellington Management, a new investor. The deal also included existing backers Growth Equity at Goldman Sachs Alternatives, Sequoia Capital, JPMorgan Chase & Co. and Craft Ventures, the VC firm co-founded by investor David Sacks.