AI-native security assurance platform TrustCloud on Tuesday announced raising $15 million in a strategic funding round that brings the total raised by the company to $37 million.
The new investment round was led by ServiceNow Ventures, with additional support from Cisco Investments, OpenView Venture Partners, Presidio Ventures, Tola Capital, and previous investors.
Founded in 2019, TrustCloud relies on AI to aggregate and analyze information from IT, data, and cybersecurity platforms to provide CISO’s with a view of the cybersecurity risks across their environments.
Purpose-built for CISOs and chief risk officers (CROs), the TrustCloud platform seeks to transform the traditional governance, risk, and compliance (GRC) to enable executives to make better informed decisions while reducing costs and increasing accuracy.
The Boston-based company’s specialized AI for GRC solution integrates with existing platforms to deliver continuous monitoring of controls, automate compliance checks, and enable programmatic risk assessments and quantification.
TrustCloud will use the new funding to enhance AI capabilities and accelerate enterprise go-to-market and channel operations.
