NARAD LTD

What NARAD LTD does

Narad is an AI-powered SaaS platform that automates security questionnaires, vendor risk assessments, due diligence questionnaires, RFPs, and third-party risk management for enterprise compliance and sales teams. Founded in January 2024 by Manoj Adwani and headquartered in Bangalore, India (operating as Narad Technology Private Limited), the platform uses large language models (Anthropic Claude via AWS Bedrock), retrieval-augmented generation with Voyage AI embeddings, and a centralized knowledge base to generate reference-backed responses with confidence scoring and evidence mapping to source documents. The product suite includes six interconnected modules—Security Questionnaire Automation, Vendor Risk Assessment, Third-Party Risk Management, Due Diligence Questionnaire, RFP Automation, and Interactive Trust Center—supported by a Maker-Checker dual-control review workflow and integrations with Google Drive, Confluence, and OneDrive.

The company operates a tiered subscription model (Startup, Growth, Enterprise) with volume-based pricing measured in questionnaires per year, offering a 14-day free trial for self-serve onboarding and dedicated demo booking for enterprise buyers. Narad targets primarily Fintech, BFSI (Banking, Financial Services, Insurance), NBFC (Non-Banking Financial Companies), and SaaS verticals, serving named customers including Cockroach Labs, Exotel, KissanAI, VideoSDK, and Superjoin. The company is SOC 2 Type II certified and GDPR compliant, hosts customer data on AWS infrastructure, and runs a product-led growth motion supplemented by content marketing across a blog, YouTube series, and social channels. Narad remains privately held with no disclosed funding rounds and a 1-10 person team.

Name

NARAD LTD

Legal name

Narad Technology Private Limited

Website

https://narad.io

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Narad is an AI-powered SaaS platform that automates security questionnaires, vendor risk assessments, and RFPs for compliance, security, and sales teams at fintech, BFSI, NBFC, and SaaS companies. Founded in 2024, headquartered in Bangalore.

Ownership category

akta.pro rank

Product category

Security Compliance Automation Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372)

akta.pro industry

PRIMARYHDADADAI

SaaS Security Posture Management (SSPM)

Hardware, Technology & Telecom/Cybersecurity/Cloud Security (CNAPP, CSPM, CWPP)

SECONDARYHDABAHAE

SaaS Security Posture Management (SSPM)

Hardware, Technology & Telecom/Cloud & Data Center Infrastructure/Cloud Security & Compliance Infrastructure

Keywords

• Security questionnaire automation
• Vendor risk assessment
• Third-party risk management
• RFP automation
• Compliance governance platform

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription (Startup Tier): Annual or monthly subscription for small teams. Includes 30 questionnaires per year, 6,000 response credits, 1 admin and 3 manager seats, 50 active documents, and core features like evidence mapping, review workflow, and audit logs. Billed monthly or annually.
2. SaaS Subscription (Growth Tier): Mid-market subscription with 100 questionnaires per year, 20,000 response credits, 2 admin and 5 manager seats, 75 active documents, and full feature access. Designed for scaling organizations. Billed monthly or annually.
3. SaaS Subscription (Enterprise Tier): Custom enterprise plan with unlimited questionnaire volume, unlimited admin and manager seats, private cloud or on-premise deployment options, and dedicated Customer Success Manager. Tailored to enterprise requirements with custom integrations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Narad provides an AI-powered SaaS platform that automates responses to security questionnaires, vendor risk assessments, third-party risk management questionnaires, due diligence questionnaires, and RFPs. It uses large language models with retrieval-augmented generation to produce reference-backed, confidence-scored answers from a centralized knowledge base, with a Maker-Checker dual-control workflow for compliance-grade audit trails. It also offers an Interactive Trust Center for self-service sharing of security documentation with prospects.

Product overview

Narad is a unified AI-powered SaaS platform for security assessment automation. The core product suite consists of six interconnected modules: Security Questionnaire Automation (the flagship product), Vendor Risk Assessment (VRA), Third-Party Risk Management (TPRM), Due Diligence Questionnaire (DDQ), RFP Automation, and Interactive Trust Center. These modules share a common knowledge base architecture, allowing organizations to reuse approved responses, policies, and certifications across all assessment types. Supporting features include the Maker-Checker Workflow (for dual-control review and approval) and an ROI Calculator. The platform uses AI to generate reference-backed responses with confidence scoring, integrates with enterprise document systems (Google Drive, Microsoft OneDrive, Confluence), and is SOC 2 compliant.

Differentiator

Problem solved

Functional benefit

Products and services

• Security Questionnaire Automation AI-powered platform that automatically generates accurate, reference-backed responses to security questionnaires, reducing manual effort by up to 90% and accelerating compliance turnaround. Targeted at compliance, security, and sales teams in regulated industries.
• Vendor Risk Assessment (VRA) Automated vendor risk assessment solution enabling organizations to respond to vendor security reviews faster with consistent, AI-generated answers mapped to their security documentation.
• Third-Party Risk Management (TPRM) Comprehensive platform for continuously assessing, monitoring, and managing third-party risk throughout the vendor lifecycle using AI-powered questionnaire automation.
• Due Diligence Questionnaire (DDQ) AI-powered solution for completing customer due diligence questionnaires faster with reliable, evidence-backed answers for M&A, partnerships, and investments.
• RFP Automation AI-powered platform for generating accurate, winning responses for Requests for Proposal (RFPs) and Requests for Information (RFIs) with automated security and compliance sections.
• Interactive Trust Center Self-service trust portal for sharing security, compliance, and certification documentation with prospects and customers, reducing sales cycle bottlenecks.

Quantifiable outcome

• 90% reduction in manual effort for security questionnaire completion
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core.

• Amazon Web Services (AWS)coreTechnology or IntegrationCloud infrastructure provider hosting Narad's platform. AWS provides the underlying compute, storage, database, and hosting services. Customer data is hosted on AWS Hyderabad Region with advanced security features and compliance standards.
• Anthropic (via Amazon Bedrock)coreTechnology or IntegrationLLM processing provider providing Claude AI models via AWS Bedrock. Used for AI-powered response generation and natural language processing in the platform.
• Voyage AIcoreTechnology or IntegrationEmbeddings provider for retrieval functionality. Powers the semantic search and context matching capabilities that map questionnaire questions to relevant organizational documents and approved responses.
• CloudflarecoreTechnology or IntegrationCDN Services provider for content delivery and web performance optimization. Ensures fast, reliable access to the Narad platform globally.
• GooglecoreTechnology or IntegrationProvides Google Drive integration for document retrieval, website analytics, and business email hosting (Google Workspace/Gmail). Enables seamless connection to organizational document repositories.
• Atlassian (Confluence API)coreTechnology or IntegrationConfluence integration enabling retrieval of Confluence pages and blog posts authorized by users. Allows organizations to leverage existing Confluence documentation as knowledge base sources.
• Microsoft (OneDrive API)coreTechnology or IntegrationOneDrive integration for retrieval and synchronization of files from user-authorized OneDrive accounts. Enables access to organizational documents stored in Microsoft cloud.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Secureframe: Secureframe provides automated compliance and security questionnaire management, with strong traction among SaaS companies pursuing SOC 2 and ISO 27001. It competes directly with Narad's flagship security questionnaire automation product.
• Loopio: Loopio is a leading RFP and security questionnaire response management platform that centralizes answer libraries and automates response generation. It directly overlaps with Narad's RFP automation and security questionnaire use cases for enterprise sales teams.
• Thoropass: Thoropass (formerly Laika) is a compliance and security questionnaire automation platform combining SaaS, audit, and integrations. It overlaps with Narad's compliance-focused automation and audit-ready evidence workflows.
• Drata: Drata is a compliance automation platform that continuously monitors security controls and automates evidence collection for SOC 2, ISO 27001, and other frameworks. It overlaps with Narad's security questionnaire automation and vendor risk assessment offerings.
• Vanta: Vanta is a leading automated security and compliance platform that helps businesses streamline SOC 2, ISO 27001, and other audits. It directly competes with Narad in security questionnaire automation, trust centers, and AI-driven compliance workflows.
• Conveyor: Conveyor is a security questionnaire and vendor risk assessment automation platform built specifically for B2B SaaS sales teams. It directly competes with Narad's security questionnaire automation and trust center products.
• Tugboat Logic: Tugboat Logic (acquired by OneTrust) offers a security compliance automation platform targeting SOC 2 readiness and policy management. It is a comparable SMB-focused automation alternative to Narad's questionnaire-centric approach.
• Responsive (formerly RFPIO): Responsive is a strategic response management platform for RFPs, RFIs, and security questionnaires used by many large enterprises. Its AI-powered response generation and content library model is highly comparable to Narad's questionnaire automation approach.

Broad incumbents

• OneTrust: OneTrust is a large, established privacy, security, and GRC platform with vendor risk management, questionnaire automation, and trust centers as part of a much broader portfolio. It competes with Narad in the questionnaire and vendor risk space but offers a far wider suite.
• LogicGate: LogicGate is a GRC workflow platform with risk and third-party risk management modules that overlap with Narad's TPRM and VRA offerings. It is a broader incumbent serving mid-market and enterprise risk teams.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@narad-io
• LinkedInlinkedin.com/company/narad-grc
• Instagraminstagram.com/narad.io

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NARAD LTD