Sprinto, a Bengaluru-based compliance automation platform for software-as-a-service (SaaS) companies, announced that it has raised $10 million in Series A funding led by Elevation Capitalwith participation from Accel and Blume Ventures.
In an official statement, the startup said the funding will be used for team expansion across key functions and R&D to ensure long-term growth. Sprinto will also open its first North American office, in Utah, by this quarter’s end.
Earlier, in January 2020, the company had raised $1.5 million in seed funding from Blume Ventures.