cost me millions in delays and lost deals. And shortcomings in our cybersecurity capabilities, lack of robust controls around access, resiliency, and recovery, etc. To big enterprise customers like that, the interface between their own security environment and ours as a potential SaaS vendor is an essential question. In my case, my flagship product was an infrastructure product for machine learning and customers included Intuit, J&J, Square, and several other big names. We both encountered compliance challenges that were difficult, time-consuming, and costly to solve in contracting with enterprise customers.
#LAIKA PROTOCOL SOFTWARE#
We both built enterprise software companies before–Sam built an insurtech company called Zinc, and I built a data science company called Yhat.
#LAIKA PROTOCOL PROFESSIONAL#
Sam and I come from similar professional backgrounds. Laika was borne from the frustration my cofounders and I felt in our prior lives. Additionally, Laika gives customers powerful tools to demonstrate compliance with a variety of security and privacy standards most frequently encountered by scaling technology companies when processing or storing sensitive data. Laika is the leading digital compliance platform, combining continuous control monitoring, IT audits, vendor assessments, and compliance workflows tools in one.Ĭustomers use Laika to manage data security, privacy, and control day-to-day to ensure compliance issues are identified in real time and remediated quickly. Tell us about the product or service that Laika offers. The round was led by Fin Capital and joined by Centana Growth Partners and existing investors, Third Prime, Canapi Ventures, JPMorgan Growth Equity Partners, and others. Who were your investors and how much did you raise? Laika allows companies of all sizes to offload this burden with an industry-leading and secure solution that brings down the cost of compliance and also is powerful enough to offer continuous monitoring as organizations scale, coupled with expert guidance along the way.ĪlleyWatch caught up with Laika Founder and Co-CEO Austin Ogilvie to learn more about the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $98M, and much, much more… Compliance with enterprise requirements can be a daunting proposition for smaller providers that don’t have the internal resources to dedicate to compliance teams but absolutely critical if these companies want to sell into larger organizations.
#LAIKA PROTOCOL ISO#
In addition to SOC2, the platform also handles ISO 27001, GDPR, PCI DSS, and HIPAA requirements, making it versatile across a broad array of industry users. Laika is an end-to-end compliance platform that enables software and tech providers to be fully compliant with all requirements through automation. This information security concern is addressed through SOC2, an auditing protocol built on five key principles to ensure vendors are appropriately managing and protecting the customer data and the data of their clients. Each of these integrations represents a potential security risk as organizations entrust third-party vendors with sensitive data. The largest organizations (1000+ employees) on average use at least 177 SaaS applications to run various parts of their operations.
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