# Laika

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/laika

- Industry: Software
- Headquarters: New York, US
- Website: www.heylaika.com
- Total disclosed funding: $98M
- Latest round: Series C (Aug 16, 2022)
- Investors on record: 10

## About

Laika Inc. is a New York-based company that delivers an innovative compliance delivery platform aimed at automating and enhancing audit and compliance processes for organizations in diverse sectors.Founded in 2019 by Sam Li, Laika Inc. specializes in compliance automation for mid-market businesses. The company has successfully raised a total of USD 50.00 mn in funding, with the latest round being a Series C on August 16, 2022, led by Fin Venture Capital. Other participating investors included Canapi Ventures, Centana Growth Partners, and JP Morgan Asset Management, among others. With its headquarters in New York, US, Laika has completed four deals to date, establishing a robust presence in the compliance space.Laika Inc. offers a compliance delivery platform that automates and streamlines audit and compliance processes across various industries. Its core services include compliance automation, expert-led audits, real-time monitoring, and proactive alerts, focusing on compliance with standards like SOC, PCI, ISO, HITRUST, and HIPAA. The platform leverages artificial intelligence to optimize compliance activities, facilitating evidence collection and user access reviews while primarily serving mid-market clients in the healthcare, B2B SaaS, and FinTech sectors throughout North America and Europe.Laika operates under a subscription-based revenue model, engaging clients through annual contracts that provide access to its full suite of compliance solutions, including automation, audit facilitation, and expert support. Revenue is generated through these subscriptions, featuring tiered pricing based on client needs and the frameworks managed. As a licensed CPA firm and HITRUST Accredited Assessor, Laika attracts clients requiring expertise across multiple regulatory standards.In August 2022, Laika Inc. secured USD 50 mn in Series C funding, which will be utilized to advance product development and enhance sales, marketing, and strategic partnerships. The company is focusing on launching new products designed for compliance automation and aims to expand its services into additional markets, specifically targeting European regions by the end of 2023. This funding round, led by Fin Venture Capital with significant participation from other investors, supports Laika's commitment to growth and innovation in the compliance sector.

## Funding rounds

- Series C, Aug 16, 2022, $50M — JP Morgan Asset Management, Nyca, Centana Growth Partners, Third Prime Capital, Canapi Ventures, Fin Capital, PayPal Ventures, Dash Fund
- Series B, Nov 2, 2021, $35M — Bain Capital, JP Morgan Asset Management, Nyca, FJ Labs, Third Prime Capital, Canapi Ventures, PayPal Ventures
- Series A, Sep 23, 2020, $10M — Bain Capital, Nyca, Third Prime Capital, Canapi Ventures
- Seed, Sep 25, 2019, $3M — Nyca, Third Prime Capital

## Investors

- Nyca (https://capitalatlas.ai/funds/nyca) — Seed, Series A, Series B, Series C
- Third Prime Capital (https://capitalatlas.ai/funds/third-prime-capital) — Seed, Series A, Series B, Series C
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series A, Series B, Series C
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series B, Series C
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series B, Series C
- Centana Growth Partners (https://capitalatlas.ai/funds/centana-growth-partners) — Series C
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Series C
- Dash Fund (https://capitalatlas.ai/funds/dash-fund) — Series C