anecdotes, an Israeli startup that offers an operating system (OS) for Compliance, raised $25 million in Series A funding led by Red Dot Capital Partners, with participation from Vintage Investment Partners, Shasta Ventures, Glilot Capital Partners, and Aleph.
Founded in by CEO Yair Kuznitsov, CPO Roi Amior and R&D VP Eitan Adler, anecdotes boasts that it is the first company to ever offer an OS for” every stage of a business’s Compliance journey.” The system was built to reshape the way the cloud-powered world thinks about security Compliance, “transforming it from a box-ticking exercise into a powerful driver of growth for scale-ups, publicly traded companies, and everything in between.”
Anecdotes explains that it developed its system because nowadays security Compliance has been reduced to nothing more than box ticking and audit passing – a mundane, if not tedious necessity operating in the shadows of larger security programs. Compliance has to do with guaranteeing that a company’s systems are complying with the minimum of security-related requirements. The new OS allows the people who need to do the actual work of compliance, while not simply relying on whatever automated system is in use, to get the job done right.
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“You just can’t shake the feeling that Compliance, and all those who work in the field, feel like the forgotten ones in the security community,” said Yair Kuznitsov, co-founder and CEO of anecdotes. “Compliance is too often left fighting for the scraps — taking screenshots, working out of spreadsheets, and manually ticking boxes. The tools available to them now are essentially templates for meeting basic requirements and passing audits, offering very little scalability and customization needed to facilitate growth. By breaking down siloed processes, replacing outdated manual activities with automation, and establishing an underlying fabric via which Compliance posture can be monitored and understood at all times, we transform Compliance from a burden into a driver for growth and expansion.”