Most corporate employees in America have likely signed up for ChatGPT. And Claude. And possibly Cursor. Their employer’s security team has no idea—or even if they do, they can’t keep up. This paradox is why Vanta is having a blockbuster year.
The San Francisco-based security and compliance company has crossed $300 million in annual recurring revenue, Fortune exclusively learned. This milestone represents a tripling of ARR in two years. Vanta’s customer growth rate has also accelerated to roughly 60% year-over-year—a number that has gone up in each of the past four quarters, the company said. Sources with knowledge of Vanta’s balance sheet say that its net revenue retention (NRR) has similarly increased every quarter for the last 2 years and continues to be over 100 percent.
