S

Secureframe

Security, Compliance

AI Governance & ComplianceSOC 2ISO 27001HIPAAGDPR
Function:Security
Subfunction:Compliance Monitoring & Audit
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Founded
2020
Employees
~142-200 employees
Funding
~$78.5M-$79M (3 rounds)
Stage
Series B (February 2022\)
Report version: Oct 21, 2025

1. Products/Services & Features

  • Main Offerings:

    • Secureframe Comply - Automated compliance platform for evidence collection and ongoing monitoring
    • Secureframe Trust - Security posture demonstration and automated security questionnaire responses
    • Secureframe AI - AI-powered capabilities for automating compliance, risk, and security tasks
  • Feature Breakdown: AI Evidence Validation, Custom Integrations, Comply AI for AI Security Assessments, Continuous Monitoring, Automated Testing, Risk Assessment Automation, Policy Development AI, Vendor Risk Management, Custom Framework Mapping, Infrastructure-as-Code Remediation (Departments: Security, Compliance, Risk Management, IT Operations)

  • Business Industry Gearing: High - Serves organizations across all industries requiring compliance certifications (SaaS, fintech, healthcare, defense, enterprise)

2. Security & Compliance

  • Certifications: SOC 2 Type II Compliant, ISO 27001, HIPAA, PCI DSS, GDPR, NIST 800-53, NIST 800-171, CMMC, NIST CSF, ISO 42001, FedRAMP

  • Vendors/Tools: Cloudflare, LetsEncrypt, AWS, Azure, GCP, MongoDB Atlas, Freshdesk, Vercel, Supabase

  • Risk Profile:

    • Breaches: No known public breaches reported
    • Features: Built-in audit trail, continuous monitoring, automated evidence collection, encryption support, access control management, data residency options

3. User Feedback & Adoption

  • Aggregated Reviews: G2: 4.7/5 (450+ reviews), Capterra: 4.8/5 (30+ reviews)

    • Pros: Intuitive interface, strong automation capabilities, excellent customer support, easy setup and implementation, effective integrations with major platforms, comprehensive compliance framework coverage
    • Cons: Some features restricted to admin users, occasional data sync lag with third-party integrations, additional costs for certain features like HIPAA checklists, device management could be improved
  • Adoption Insights:

    • Adoption Ease: High - Platform designed for ease of use with minimal compliance expertise required; 54% of customers complete tasks 30% faster with AI features
    • Adoption Cultural Fit: High - Aligns with organizations prioritizing compliance as strategic business imperative; strong fit for fast-growing companies and enterprises scaling compliance programs
  • Metrics: 92% of users reduced time on manual tasks by at least 26% per month; strong retention indicated by customer testimonials and high review ratings

  • Barriers: Initial setup and framework selection, integration complexity for legacy systems, cost considerations for smaller organizations, learning curve for advanced AI features

4. Monetization & Business Model

  • Revenue Model: SaaS subscription model with annual contracts

  • Pricing: Fundamentals Plan (starting ~$7,500/year for up to 100 employees), Complete Plan (advanced features for larger organizations); pricing scales based on employee count, frameworks, and features (Sources: https://secureframe.com/pricing)

  • Market Context:

    • TAM: Global compliance software market estimated at $10+ billion; growing at 12-15% CAGR
    • Growth Stage: Growth - 81% of organizations report current or planned ISO 27001 certification in 2025 (up from 67% in 2024)

5. Leadership & Recent Developments

Name Description LinkedIn X Account
Shrav Mehta Founder and CEO; Computer Science degree from UC Santa Cruz; prior experience at Scale AI, Lob, Hired, Pilot.com; built 15+ Android apps with millions of installs https://www.linkedin.com/in/shrav-mehta/ https://twitter.com/shravmehta
Cory Thomas VP of Engineering; 20 years SaaS and engineering leadership; prior VP Engineering roles at Xello and Copper; Director of Engineering at InVision https://www.linkedin.com/in/cory-thomas/
Drew Daniels Chief Information Security Officer (CISO); 20+ years security and compliance experience; prior CIO/CISO at Druva and Qubole; security roles at Microsoft, Oracle, Netsuite https://www.linkedin.com/in/andrewdaniels/
  • Key Metrics Update:

    • Funding: Series B - $56 million (February 23, 2022); 25 total investors including Gradient Ventures, Kleiner Perkins, Kaiser Permanente
    • Employee Growth: Expanded from startup to 101-250 employees; growing team across San Francisco, Toronto, New York, and London
  • News/Trends:

    • News Launch: AI Evidence Validation (May 2025), Comply AI for AI Security Assessments (2025), Custom Integrations (June 2025), EU AI Act support (September 2025), FedRAMP 20x KSI framework support (May 2025)
    • News Partnerships: Coalfire partnership through FedRAMP 20x pilot program; integrations with MongoDB Atlas, Freshdesk, Vercel, Supabase
    • News Funding: Series B funding of $56 million in February 2022; total funding of $78.5 million across 5 rounds
    • News Challenges: CMMC 2.0 enforcement deadline (November 2025) creating urgency for defense contractors; increasing complexity of AI governance and compliance requirements

6. Target Audience & Use Cases

  • Target Market: Growing SaaS companies (20-500 employees), mid-market enterprises, defense contractors, healthcare organizations, fintech companies, any organization requiring SOC 2, ISO 27001, HIPAA, or other compliance certifications

  • Target Users & Personas: CISOs, Compliance Officers, Security Leaders, Risk Managers, IT Operations teams, Compliance teams without dedicated expertise

  • User Experience Level: Entry-level to Power Users - Platform designed for both novice compliance teams and sophisticated security professionals

  • Key Use Cases:

    • Fast-growing SaaS startup needing SOC 2 compliance to close enterprise deals without dedicated compliance staff
    • Mid-market organization managing multiple compliance frameworks (SOC 2, ISO 27001, HIPAA) with small security team
    • Defense contractor preparing for CMMC 2.0 certification with complex IT environment and legacy systems

7. Impact & Recommendations

  • Measurable Outcomes:

    • Workflow Improvements: Automates evidence collection and audit preparation, reduces manual compliance task time by 30%+, streamlines policy development, accelerates security questionnaire responses, enables continuous compliance monitoring
    • ROI Examples: 54% of customers complete security and compliance tasks 30% faster; 92% reallocated time to product development and innovation; 86% reduced time maintaining compliance; typical payback period 3-6 months
  • Fit Assessment: Excellent fit for organizations prioritizing compliance automation and risk management; strong value for growing companies and enterprises with complex compliance requirements

  • Custom Rec Flags:

    • Priority ICP: Mid-market SaaS and fintech companies (100-500 employees) with multiple compliance framework requirements and limited in-house compliance expertise
    • Short Term Goals: Expand CMMC 2.0 support for defense contractors, enhance AI capabilities for vendor risk assessment, grow international presence (Canada, UK, EU)

8. Data Sourcing Notes

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