PRESS RELEASE
SAN FRANCISCO, Nov. 21, 2024 /PRNewswire/ — VISO TRUST, a frontrunner in AI-powered third-party danger administration (TPRM), as we speak introduced the closing of its newest funding spherical of $7M in further funding, bringing the entire raised to $24M, with participation from each current traders, Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, and new traders, Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures.
This funding will additional VISO TRUST’s mission to remodel TPRM by means of an adaptive AI-driven platform, bringing enhanced safety intelligence and seamless third-party danger administration to enterprises worldwide.
Enhancing Third-Celebration Threat Administration with Built-in Safety Intelligence
VISO TRUST’s AI-powered platform delivers real-time, evidence-based assessments by intelligently amassing, analyzing, and repeatedly monitoring artifacts from distributors. This strategy removes friction for distributors, eliminates the handbook evaluation burden for TPRM professionals, and permits complete, high-quality assessments. The platform analyzes management presence, testing methodologies, exceptions, Nth-party references, and extra, permitting safety groups to concentrate on strategic initiatives.
VISO TRUST’s AI-driven automation platform has turn out to be the trade benchmark for third-party danger administration for trade leaders like Upwork, Instacart, Notion, and Bain Capital. By leveraging clever automation, VISO TRUST reduces vendor evaluation and onboarding time by as much as 90%, chopping TPRM hours to mere minutes per vendor and enabling enterprises to attain complete danger administration at scale. With speedy assessments accomplished in simply 5-7 days and a outstanding 98% vendor adoption price, the platform empowers organizations to make knowledgeable, proactive danger selections.
Paul Valente, CEO of VISO TRUST, commented on the funding spherical:
“We’re excited to assemble a set of complementary and deep tech traders to advance our mission of remodeling third-party danger administration. This funding will allow us to speed up the innovation of our platform, creating a strong ecosystem that integrates safety intelligence and aligns with as we speak’s advanced enterprise workflows.”
An funding in Subsequent-Era Monitoring and Response
VISO TRUST is on the forefront of next-generation monitoring, aggregating and analyzing numerous sources of vendor intelligence, together with breach advisories, Software program Invoice of Supplies (SBOM), and SEC filings. The platform offers real-time insights, enabling groups to make data-driven selections, reply swiftly to rising threats, and preserve steady compliance, providing a definite benefit in managing evolving cyber dangers throughout the cloud-first, AI-driven enterprise panorama. This funding spherical will permit VISO TRUST to scale its distinctive artifact-based platform, creating an adaptable AI governance framework targeted on actual danger discount.
“VISO TRUST’s platform reshapes governance, danger, and compliance, enabling organizations to streamline vendor danger assessments and handle evolving cyber dangers with agility in an more and more advanced digital panorama leveraging AI,” mentioned Janey Hoe, vice chairman, Cisco Investments. “As a part of Cisco’s AI Fund, we’re excited to assist speed up VISO TRUST’s mission to reinforce safety intelligence and real-time monitoring capabilities for enterprises worldwide.”
VISO TRUST continues to construct a future in governance, danger, and compliance the place AI not solely strengthens safety however empowers organizations to navigate the dynamic and high-stakes digital panorama with resilience and precision.
About VISO TRUST
VISO TRUST is an AI-driven third-party danger administration platform remodeling conventional vendor danger assessments by means of automation and acceleration. Our platform offers steady monitoring, danger remediation, Nth-party intelligence, and seamless workflow integrations, serving a worldwide buyer base throughout sectors like monetary companies, healthcare, and expertise. VISO TRUST helps organizations mitigate the dangers of vendor relationships at scale.
For extra data, go to www.visotrust.com or contact [email protected].