Whistic, a vendor security platform, has scored $12m in its Series A round which was led by Emergence.
Additional commitments to the round came from Album VC and unnamed existing investors.
This capital injection is planned to support the expansion of operations and hiring more staff.
Whistic reduces the time it takes for buyers and sellers to establish trusted relationships by improving the transparency, security and privacy. The platform automates and streamlines security reviews, enabling information security teams to better understand the security and compliance position of a company.
Companies can build a Whistic Profile which can showcase their security and compliance posture to other companies. In addition to the funding, the company has revealed a new feature which will let companies share their Whistic profile directly from Salesforce to ease sales cycles.
Whistic CEO Nick Sorensen said, “As more companies are realizing the importance of generating trust with their customers and validating trust with their third-parties, we are excited to offer a new, proactive approach to vendor security.
“The alliance with Emergence enables us to continue to accelerate our growth and develop new ways for companies to evaluate security postures and build trust.”
To support its growth, the company has named Duane Newman as its vice president of product and Tom Rhoton as its vice president of marketing.
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