Strike Graph, a Seattle startup and Madrona Venture Labs spinout that helps companies with their security-related compliance and certification, raised $1.5 million in additional funding.
The new cash adds to the $7 million it raised in May, in a Series A round led by Bamcap. Total funding to date is $20.4 million.
The company’s software helps streamline compliance processes for HIPAA, SOC 2, and other security programs. Revenue has grown by 4X over the past two years.
Strike Graph, founded in 2020, is led by CEO Justin Beals, a veteran of NextStep, Koru, Roundbox Global, and other startups. He co-founded Strike Graph with Brian Bero, who co-founded Seattle tech stalwart Apptio and sold security startup Greytwist to SmartRIA. Bero left Strike Graph last month.
Other backers in the latest round include Madrona Venture Group; Information Venture Partners; and Rise of the Rest. The 45-person company added BAMCAP partner Jim Sheward to its board.
