Investment round secures $50M for Laika

Automated security compliance provider Laika has landed $50 million in Series C funding, which will be allocated toward bolstering its platform's functionality, according to TechCrunch. Despite having its customer count increased fourfold to 500 in the past year, Laika seeks to further expand its customer base. Laika, which already has integrations for 100 various software packages for client compliance measurement, also aims to obtain more sources for gauging organizations' data protection and other compliance metrics, said Laika co-founder and co-CEO Austin Ogilvie. "Compliance has been a top priority for at least the last 10 years, but its really dialed up in the last three, where there has been just an explosion of these, some regulatory but others like PCI just a non-option when it comes to compliance. If you sell or work with any brand of consequence, they will do due diligence that includes security assessments, and you also have to demonstrate that you are continuously operating according to those principles," added Ogilvie.