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 management for industry leaders like Upwork, Instacart, Notion, and Bain Capital. By utilizing intelligent automation, VISO TRUST reduces vendor assessment and onboarding time by up to 90%, cutting TPRM hours to mere minutes per vendor and enabling enterprises to achieve comprehensive risk management at scale. With rapid assessments completed in just 5-7 days and a remarkable 98% vendor adoption rate, the platform empowers organizations to make informed, proactive risk decisions.
VISO TRUST is at the forefront of next-generation monitoring, aggregating, and analyzing diverse sources of vendor intelligence, such as breach advisories, Software Bill of Materials (SBOM), and SEC filings. This platform offers real-time insights, enabling teams to make data-driven decisions, respond swiftly to emerging threats, and maintain continuous compliance, offering a distinct advantage in managing evolving cyber risks across the cloud-first, AI-driven enterprise landscape. This funding round will enable VISO TRUST to scale its unique artifact-based platform, creating an adaptable AI governance framework focused on real risk reduction.
VISO TRUST continues to build a future in governance, risk, and compliance where AI strengthens security and enables organizations to navigate the dynamic and high-stakes digital landscape with resilience and precision.
KEY QUOTES:
“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.”
— Paul Valente, CEO of VISO TRUST
“VISO TRUST’s platform reshapes governance, risk, and compliance, enabling organizations to streamline vendor risk assessments and manage evolving cyber risks with agility in an increasingly complex digital landscape leveraging AI. As part of Cisco’s AI Fund, we are excited to help accelerate VISO TRUST’s mission to enhance security intelligence and real-time monitoring capabilities for enterprises worldwide.”
— Janey Hoe, vice president, Cisco Investments
