
Trustcloud
Provides a compliance automation platform for certifications such as SOC 2, ISO 27001, and HIPAA.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
investor investor investor investor investor investor | €0.0 | round | |
investor investor | €0.0 Valuation: €0.0 13.9x EV/Revenue | round | |
* | $15.0m Valuation: $90.0m | Early VC | |
Total Funding | 000k |
USD | 2021 | 2022 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 259 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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TrustCloud, developed by Kintent, offers a trust management platform that utilizes programmatic and generative AI to automate compliance with security frameworks. The company was founded in 2020 by Sravish Sridhar, who serves as the CEO. Sridhar's previous experience includes founding and leading the mobile marketing and engagement platform, Kinvey, which was acquired by Progress Software in 2017. This background in enterprise software and engagement platforms informed the creation of TrustCloud, aiming to address the complexities and inefficiencies of traditional compliance processes.
The platform is designed to help companies demonstrate compliance with standards such as SOC 2, ISO 27001, and HIPAA by connecting with a business's existing software stack to automatically collect evidence. This automated approach aims to reduce the time and cost associated with manual evidence gathering and audit preparation. TrustCloud's core service involves creating a real-time, shareable Trust Center where companies can securely provide customers and prospects with access to their compliance and security documentation. Its business model is centered on a subscription-based (SaaS) offering, targeting businesses that need to build and maintain customer trust through transparent security practices. By integrating AI, the platform can answer security questionnaires and map existing controls to new compliance frameworks, further streamlining the process for its clients, which range from startups to enterprise-level organizations.
Keywords: security compliance, trust management, SOC 2 automation, ISO 27001, GRC platform, AI compliance, risk management, security questionnaires, automated evidence collection, trust center