Trustero, a leading Silicon Valley innovator in AI-driven security and compliance solutions, has successfully closed a $10.35 million Series A funding round. This round was led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. The investment will fuel Trustero’s mission to modernize the traditionally complex and costly Governance, Risk, and Compliance (GRC) industry with agile, AI-powered technology.
Innovative GRC Solutions with AI
Trustero is redefining the GRC landscape by offering actionable, AI-generated intelligence in seconds. Their patented Trust Graph technology integrates data from various sources—such as GRC platforms and cloud providers—to deliver rapid insights. This advancement eliminates the need for high-cost consultants and manual processes, empowering organizations to streamline compliance more efficiently.
Phillip Liu, Trustero’s Founder and CEO, highlighted the company’s vision:
“Organizations no longer need to be weighed down by compliance. Trustero provides human-quality, actionable GRC intelligence instantly, without the high fees.”
Proven Leadership and Visionary Founder
Phillip Liu is a well-known tech entrepreneur with a successful track record. He previously founded SignalFx, a cloud monitoring leader acquired by Splunk for over $1 billion. Liu’s extensive experience from roles at Facebook and Opsware positions Trustero to lead the AI-driven compliance revolution.
Driving Business Impact
Since its founding in 2020, Trustero has helped organizations significantly reduce compliance costs and time commitments. For example, Chassi, an AI-analytics platform, integrated Trustero AI into their ISO 27001 compliance program, achieving remarkable results:
- 10-to-1 time savings for company-wide compliance tasks.
- 100-to-1 efficiency gains for senior executives.
- 75% reduction in internal audit costs.
Justin Dooley, CFO at Chassi, emphasized:
“We saved 75% on internal audit costs because all the data was ready for the auditors.”
Series A Funds to Drive Innovation and Expansion
The newly raised capital will support Trustero’s growth initiatives:
- Enhancing AI capabilities for more powerful compliance solutions.
- Scaling operations and expanding into new markets.
- Building a top-tier team, including AI engineers and GRC experts.
Trustero recently appointed George Totev as Chief Information Security Officer (CISO). George brings extensive experience from Snowflake, where he managed over 30 certifications and customer security compliance. His leadership will further strengthen Trustero’s security capabilities and drive innovation.
Addressing Industry Challenges
Traditional GRC methods are resource-intensive and struggle to meet evolving regulatory demands. Trustero’s AI-driven platform addresses these challenges by:
- Automating compliance processes to reduce costs.
- Providing human-like AI advisory that interprets controls and evidence.
- Delivering real-time insights for complex frameworks like FedRAMP and ISO 27001.
Investor Confidence in Trustero’s Vision
Bright Pixel Capital expressed strong support for Trustero’s innovative approach:
- Daniela Coutinho, Manager at Bright Pixel Capital:
“Trustero’s AI advisor goes beyond automation, interpreting evidence like a human expert would.” - Fernando Martins, Director at Bright Pixel Capital:
“We are excited to back a strong team led by an experienced, technical leader as they enter their next growth phase.”
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