TrustCloud, a Boston, MA-based provider of an AI-native security assurance platform for hybrid enterprises, raised $15M in funding.
The round was led by ServiceNow Ventures, with participation from Cisco Investments, Presidio Ventures, OpenView Venture Partners, Tola Capital, and existing investors.
The company intends to use the funds to further accelerate enterprise go-to-market and channel operations, enhance its AI capabilities to provide enterprise chief information security officers (CISOs) with a view of security risk across the IT landscape.
Led by CEO Sravish Sridhar, TrustCloud provides a security assurance platform that is purpose-built to empower CISOs to work with chief risk officers (CROs) to take informed action and implement better, data-driven decisions to protect their organization. Its AI- and API-driven automation turns traditional GRC into an enabler of the business that reduces financial liability and accelerates revenue.
In the last year, the company introduced three differentiated capabilities into its security assurance platform to automate first-party and third-party risk and compliance assessments:
- Hybrid Data Fabric: Data lake that leverages 100+ data integrations to SaaS tools and an SDK to push data from on-premises environments to aggregate IT, business, security, and GRC data into a single source of truth.
- Continuous Control Monitoring (ConMon) on a Control Graph: Proprietary AI-driven relationship models that intelligently graph and continuously test controls to multiple security, GRC, and business artifacts to analyze the impact of every change, make recommendations to prioritize actions based on potential risk.
- Assurance AI: Purpose-built ML and NLP models enhanced by retrieval-augmented generation (RAG) techniques that see everything through the Control Graph and the Hybrid Data Fabric.
FinSMEs
20/05/2025