Trustero, a Silicon Valley-based innovator specialising in AI-driven governance, risk, and compliance (GRC) solutions, has announced the completion of a $10.35m Series A funding round.
The round was led by Bright Pixel Capital, formerly known as Sonae IM, with participation from Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US.
Founded in 2020, Trustero leverages advanced artificial intelligence to automate and optimise GRC functions such as compliance audits, security questionnaires, and third-party risk evaluations. The company’s technology focuses on reducing costs, streamlining processes, and improving accuracy, helping organisations navigate complex compliance demands.
The new funding will enable Trustero to enhance its AI capabilities, scale its operations, expand market reach, and recruit top-tier talent from AI engineering and GRC sectors.
The company has already bolstered its team with the appointment of George Totev as chief information security officer, a role in which he will drive innovation in AI-driven security solutions. Totev previously led customer trust initiatives at Snowflake and held senior positions at Atlassian, Visa, and Goldman Sachs.
Bright Pixel Capital manager Daniela Coutinho commented, “Companies are overwhelmed by the growing compliance demands driven either by evolving regulations or increasing customer compliance requirements. With Trustero, compliance and security teams go beyond simple compliance automation, by having a human-like AI-advisor that interprets not only the controls but also the evidence, in a manner comparable to how a human would.”
Trustero’s founder and CEO, Phillip Liu stated, “With Trustero, organizations no longer need to be weighed down by compliance. We offer human-quality, actionable GRC intelligence in seconds, without the high fees. The Trust Graph is our secret weapon, allowing us to ingest diverse data sources from GRC platforms, cloud providers, and more, delivering insights instantly.”
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