VISO TRUST, a leader in AI-powered third-party risk management, has announced the successful closure of a $7m funding round.
The company, known for its innovative platform that streamlines vendor risk assessments, has now raised a total of $24m.
The funding round saw participation from existing investors Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, along with new investors Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures.
VISO TRUST’s platform leverages adaptive AI to transform third-party risk management. It delivers real-time, evidence-based assessments by automatically collecting and analysing vendor-provided data. This process eliminates the manual burden on risk management professionals while providing comprehensive insights into vendor compliance and security standards.
The fresh funding will enable VISO TRUST to accelerate innovation within its platform, integrating advanced security intelligence and scaling its adaptive AI-driven governance framework.
Paul Valente, CEO of VISO TRUST, said, “We’re excited to assemble a set of complementary and deep tech investors to advance our mission of transforming third-party risk management. This funding will enable us to accelerate the innovation of our platform, creating a robust ecosystem that integrates security intelligence and aligns with today’s complex business workflows.”
The company’s platform is trusted by leading names such as Upwork, Instacart, Notion, and Bain Capital. By enabling rapid vendor assessments and onboarding, VISO TRUST significantly reduces the time and resources required for third-party risk management, empowering organisations to make informed, proactive decisions.
This funding follows the company’s previous rounds, which have brought its total funding to $24m.
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