VISO Trust rakes in $11m Series A financing

July 3, 2022

VISO Trust, a provider of third-party cyber risk management solutions, has snared $11m in Series A funding.

The funding round was led by Bain Capital Ventures and saw participation from Lytical Ventures, Work-Bench and Sierra Ventures, as well as investment from the CEOs of Splunk, CrowdStrike and Mandiant. Following this round, VISO has bagged $14m to date.

Launched in 2020, VISO claims its AI-based platform uses machine learning, document heuristics and natural language processing to automate the identification, classification and assessment of relevant control language artifacts at third parties.

The firm also stated its third-party cyber due diligence platform can offer organisations the insights they require to make informed risk decisions and to make sure that their relationships with vendors and partners are fully secured.

VISO Trust co-founder and CTO Russell Sherman said, â€œVISO Trust enables automated assessment in minutes, so security teams can deliver the accurate risk intelligence needed to make informed risk decisions when it matters the mostâ€”early in the procurement process.â€