VISO Trust

VISO Trust, based in California, is a provider of AI-driven cyber risk management solutions that enhances organizational security and optimizes vendor risk assessment processes with automated tools. Founded in 2016 in San Francisco, US, VISO Trust specializes in AI-powered cyber risk management. The company operates independently and has not undergone any significant pivots or structural changes since its inception. The founders, Paul Valente and Russell Sherman, have experience in this field, with Valente currently serving as CEO.

In its history, VISO Trust has successfully raised USD 7. 00 mn in its latest funding round on November 21, 2024, from investors including Bain Capital Ventures and Cisco Investments, contributing to a total capital of USD 7. 00 mn across three deals. VISO TRUST specializes in AI-powered third-party cyber risk management solutions aimed at enhancing the security posture of organizations while streamlining their vendor risk assessment processes.

Their core offering is a SaaS platform that enables users to automatically evaluate the security posture of vendors using curated AI technology, which extracts insights from source artifacts without requiring manual intervention. This platform supports various end-use cases, such as risk visibility into nth-party relationships, rapid due diligence, and compliance with ISO, NIST, and AICPA standards. VISO TRUST serves a diverse client base that includes enterprises across industries seeking to optimize their third-party risk management strategies. The product is marketed primarily in North America and Europe, targeting sectors that prioritize cybersecurity and risk management, such as finance, healthcare, and technology.

VISO TRUST operates on a subscription-based revenue model, where clients pay for access to its platform based on tiered pricing plans that accommodate different levels of usage and features. The transactional structure typically involves businesses entering into annual agreements that provide ongoing access to the platform, along with periodic updates and support services. This model facilitates smooth B2B interactions, allowing clients to scale their usage according to their evolving risk management needs. The company's flagship product, which encompasses a comprehensive suite of vendor assessment tools, is central to its revenue generation strategy.

While specific pricing details for individual services are proprietary, the subscription framework is designed to ensure consistent revenue streams as companies increasingly prioritize automated solutions for third-party risk management. In November 2024, VISO Trust raised USD 7. 00 mn in venture funding from returning investors Bain Capital Ventures and Work-Bench, along with new investors such as Allstate Strategic Ventures and Cisco Investments. This funding will be utilized to enhance the capabilities of its AI-powered third-party risk management platform and to expand its market reach globally.

The company is focused on launching new features that improve automation in vendor risk assessment and is exploring entry into new geographic markets beyond North America and Europe.