TrustCloud, a security assurance platform serving hybrid enterprises, has announced the successful close of a $15m strategic funding round.
The investment was led by ServiceNow Ventures and included participation from Cisco Investments, Presidio Ventures, OpenView Venture Partners, Tola Capital, and existing backers.
The company operates in the FinTech and cybersecurity sectors, offering a purpose-built platform designed to modernise governance, risk, and compliance (GRC) workflows for enterprise chief information security officers (CISOs). TrustCloud’s AI technology integrates data across IT, business, and security systems, enabling organisations to reduce manual workloads, lower financial risk, and boost compliance efficiency.
Proceeds from the round will be used to accelerate TrustCloud’s enterprise go-to-market and channel operations. A key focus will be enhancing its AI capabilities to provide a unified view of security risk for CISOs across the entire IT landscape.
TrustCloud has launched several innovations over the past year, including its Hybrid Data Fabric, which consolidates data from over 100 SaaS tools; Continuous Control Monitoring (ConMon) on a Control Graph, which uses proprietary AI to test and optimise controls; and Assurance AI, which applies machine learning and NLP techniques to streamline risk and compliance workflows with high accuracy.
TrustCloud CEO Sravish Sridhar said, “This strategic investment validates the urgent need to modernize GRC for enterprise CISOs and their teams, and unify CISOs and Chief Risk Officers around a shared view of risk.”
ServiceNow Ventures vice president Victor Change added, “As a leader in enterprise GRC, we’re excited to support TrustCloud’s growth as enterprises look to modernize risk and compliance workflows and drive greater operational efficiency.”
Cisco Investments senior director Prasad Parthasarathi said, “Automating enterprise cyber risk management is increasingly mission-critical for CISOs. Trust Cloud’s expertise in delivering visibility and context through its AI enabled continuous controls provides CISOs with an integrated, multi-dimensional view of cyber risk across security, compliance, financial/insurance, regulatory, and customer contractual risk.”
Although this round was described as strategic, the press release does not specify any previous fundraising totals.
More than 1,000 businesses currently use TrustCloud’s platform, including Corelight, DataRobot, Dolby, DesktopMetal, Grafana, NetApp, and ServiceNow, to manage security, privacy, and AI risks in both cloud-native and on-premises environments. TrustCloud claims to have achieved 100% annual recurring revenue growth year over year for the past three years, with a gross revenue retention rate of over 98% and a net retention rate exceeding 115%.
Elsewhere, CloudSEK, a cyber company known for its AI-driven threat prediction and intelligence platform, has raised $19m across its Series A2 and B1 funding rounds.
The round drew participation from a mix of India- and US-based investors, including MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and Commvault. Previous backers such as the Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures also recommitted to the company’s vision.
Founded in 2015 by cybersecurity researcher and entrepreneur Rahul Sasi, CloudSEK offers a predictive platform designed to identify potential cyber breaches before they occur. The company’s solution analyses early indicators like leaked credentials, exposed APIs, and compromised vendors—flagging threats before they escalate into full-blown incidents. Unlike conventional cyber tools that act post-attack, CloudSEK aims to stop threats at the source by identifying initial attack vectors (IAVs).
The newly secured capital will be used to accelerate CloudSEK’s product development, particularly its AI models and integration capabilities. It will also support the company’s ongoing global expansion, with an emphasis on scaling in the US—currently its fastest-growing market.
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