Irish no-code automation startup Tines Security Service Ltd. has raised $50 million to enhance its platform with new features and AI enhancements. The funding, led by Accel Partners and Felicis Ventures, will improve workflow automation and expand platform capabilities. Tines, founded in 2018, has seen its annual recurring revenue grow significantly since its last funding round in October 2022.

Sprinto, a security compliance and risk platform, has raised a $20 million Series B round to build more automation into its compliance management platform and widen its customer base to include the wide gamut of companies that operate digitally but aren’t tech-first.Compliance with frameworks such as SOC 2, GDPR and HIPAA has become crucial for companies across sectors to ensure data security and privacy, but compliance management remains a cumbersome process for most businesses, as it requires teams to maintain records frequently and regularly monitor data flows.Sprinto is working to automate this aspect of security compliance management, which involves vendor risk management, vulnerability assessment, access control, evidence collection and other filing tasks. The company’s platform connects directly with its customers’ HR, IT, and engineering systems via over 160 integrations, and has baked-in support for popular frameworks like SOC 2, ISO 27001, GDPR, CCPA, HIPAA, PCI-DSS, and CIS. Sprinto uses a mix of AI, GPTs and its own internal large language model to offer efficiencies in compliance management. The company said it aims to focus more on bringing intelligence to the platform by bolstering its R&D.“Our goal is to help companies build trust and grow their business using the trust they’ve built,” Sprinto’s co-founder, Grish Redekar, told TechCrunch.The all-equity Series B funding round, which takes the company’s total capital raised to $31.8 million, was led by Accel. Existing investors Elevation Capital and Blume Ventures also participated.The market for automated compliance management solutions already has players such as Vanta and Drata, which Sprinto considers its key competitors. However, Redekar said Sprinto primarily focuses on automating the entire compliance management process and helping businesses build trust.Redekar founded Sprinto with Raghuveer Kancherla after their startup Recruiterbox was acquired by the private-equity firm Turn/River Capital in 2018

Sprinto, a risk and compliance automation platform for businesses, has raised $20 million in an equity funding round led by Accel, with participation from existing investors Elevation Capital and Blume Ventures.