Trustpage, a Detroit, MI-based provider of an AI-powered technology solution, raised $5M in Seed funding.
The round was led by Bonfire Ventures, Ludlow Ventures and Detroit Venture Partners with participation from Entrée Capital, Basement Fund and GTMfund.
The company intends to use the funds to:
– recruit and hire talent,
– invest in developing innovative new features like AI-assisted reviews, and
– expand its services with a focus on software buyers and auditors.
Led by Chase Lee, CEO and founder, Trustpage provides a centralized platform that allows companies to manage, share and collaborate with customers on their complete security posture. The solution acts as a single dashboard over a company’s stack of security features and policies, giving customers and prospects insights into the measures keeping them and their customers safe.
With Trustpage, software teams can proactively collaborate on and communicate every step they’re taking to protect user data, comply with regulations, and prevent cyber threats. The solution:
- Acts like a nutrition label for company’s security, highlighting its tools to manage crucial areas like compliance, data security, privacy, reliability, infrastructure, and threat management,
- Uses AI to assist users in completing security reviews using natural language processing that understands the language of trust,
- Allows software buyers and sellers to collaboratively share information via secure channels and in accessible formats that eliminate outdated back-and-forth, and enables teams to gain visibility into who is accessing their documents,
- Offers branded design domain that can be integrated into a company’s CRM platform.
More than 5,300 companies have been mapped by its AI-powered security scanner and added to Trustpage’s network, and 300 companies have claimed their profiles.
FinSMEs
30/11/2021