When I speak to enterprise CISOs and GRC leaders, they often talk to me about 2 problems:
- “Every GRC product we have purchased makes us feel like servants to the product. We are stuck spending countless manual hours working for the product:”
– Solution: We want a product that works for us. - “Enterprise GRC is complex. Nobody has created automation that solves this complexity, and as a result, we revert to manual work that is very ‘check-the-box’. We don’t trust the results.”
– Solution: I need a solution that gives me automated assurance that I trust.
Today we unlocked a huge milestone for TrustCloud that will help us scale operations to solve these 2 problems for enterprise CISOs and GRC leaders. We’ve raised $15M in strategic funding led by ServiceNow Ventures, with participation from Cisco Investments, Presidio Ventures, OpenView Venture Partners, Tola Capital, and other existing investors. (Read official press release)
The funding comes on the heels of a banner year of growth with new enterprise and mid-market customers, and will be used to further accelerate enterprise go-to-market and channel operations, while enhancing our AI capabilities to provide enterprise CISOs with a unified view of security risk across the IT landscape.
