VISO TRUST, a leader in AI-based third-party risk management (TPRM), today announced the closing of a $24 million funding round with participation from both existing investors, Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, and new investors, Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures.
This funding round will further VISO TRUST’s goal of transforming TPRM through an adaptive AI-driven platform, bringing enhanced security intelligence and seamless third-party risk management to enterprises worldwide.
VISO TRUST’s AI-based platform offers real-time and evidence-based assessments by intelligently collecting, analyzing, and continuously monitoring vendor artifacts. This approach removes the friction for vendors, eliminates the manual analysis burden for TPRM professionals, and enables comprehensive, high-quality assessments. The platform analyzes control presence, testing methodologies, exceptions, Nth-party references, and more, allowing security teams to focus on strategic initiatives.
VISO TRUST’s AI-based automation platform has become the industry benchmark for third-party risk…
