Trustero, an AI-based Security and Compliance, announced the closing of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. And Trustero is proving that AI can drive real revenue and breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.
Trustero’s founder and CEO Phillip Liu is a tech entrepreneur with a proven track record. Previously, he founded SignalFx, a leader in cloud monitoring solutions, which was acquired by Splunk for over $1 billion. And his early experience at Facebook and Opsware further distinguished him as a trusted name in Silicon Valley. Now, he turns his focus to Compliance and Security, seeing a new opportunity to revolutionize the field with AI, bringing cost-effective solutions to an industry struggling with resource-intensive and manual workflows.
Since its founding in 2020, Trustero has grown significantly by helping organizations reduce compliance costs and the time commitments of their senior executives. Companies with complex compliance demands like Chassi have experienced substantial time and cost savings. Last year, they added Trustero AI to their ISO 27001 compliance program.
The new funding will be instrumental in driving Trustero’s development of accurate AI for security and compliance, scaling operations, expanding market reach, and adding top-tier talent from AI engineering and GRC. And Trustero has already made one executive hire since raising their Series A, bringing in George Totev as Chief Information Security Officer. He is also tasked with enhancing the company’s security capabilities and driving innovation in AI-driven GRC solutions.
George comes from Snowflake, where he oversaw the Customer Trust team, managing 30+ certifications and customer security compliance. Previously, he had built Atlassian’s Risk & Compliance function and held key roles at Visa, Goldman Sachs, Symantec, and The World Bank.
Trustero’s technology is backed by its patented Trust Graph, which offers unprecedented speed, accuracy, and cost savings in GRC intelligence. And the Trust Graph is the core engine that enables Trustero to answer complex security questions in seconds, perform gap analyses across frameworks like FedRAMP and ISO 27001, and provide audits, evidence mapping, and remediation guidance. This differentiates Trustero from traditional GRC programs that rely on high-cost external consultants or limited manual processes.
KEY QUOTES:
“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.”
– Phillip Liu, CEO of Trustero
“For our organization, the time savings were substantial—approximately 10-to-1 overall, and for my role, the efficiency gains approached 100-to-1. Additionally, we reduced internal audit costs by 75% due to the comprehensive data preparation capabilities.”
– Justin Dooley, CFO of Chassi
“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.”
– Daniela Coutinho, Manager at Bright Pixel Capital
“We are excited to support such a strong team, led by an experienced and technical leader, as they enter their next growth phase.”
– Fernando Martins, Director at Bright Pixel Capital
