No. In fact SOC 2 isn’t a legal requirement for anyone. But with that being said, SOC 2 is one of the most common compliance frameworks that organizations use to demonstrate security and compliance for protecting customer data. Typically your organization will be required to complete a SOC 2 audit as part of landing a customer contract. We are continuing to see this trend for SaaS companies to have their SOC 2 as a necessity instead of a nice to have.