小蓝视频色情网页版

, a vendor security management platform for both buyers and sellers, secured a $12 million Series A round of funding led by Emergence Capital.

Subscribe to the 小蓝视频色情网页版 Daily

Most of the data breaches we hear about in the news stem from hackers who infiltrated a company via one of their third-party vendors, , Whistic CEO told 小蓝视频色情网页版 News.

The Pleasant Grove, Utah-based company focuses on proactive vendor security, enabling customers that store or process sensitive data to conduct and respond to vendor security reviews, as well as respond to buyers鈥� requests for security compliance information via a single platform.

1 led the round with participation from and existing investors. The company in other rounds, including a small bit of angel investments, giving Whistic just over $16 million in total funding since the company was founded in 2015, according to 小蓝视频色情网页版 data.

鈥淲e will be building out our product and sales and marketing teams, as well as strengthening the platform,鈥� Sorensen said. 鈥淲e have a buyer side, a seller side and a trust catalog in the middle, so we are going to work on integrating those pieces in a better manner.鈥�

He also said the raise was performed 100 percent virtually. Emergence鈥檚 and will join Whistic鈥檚 board of directors as a part of this funding round.

鈥淲e had a great experience meeting the Emergence team, and I think had a chance to spend even more time together than we would have, especially getting to know Gordon and Carlotta, who are joining our board,鈥� Sorensen added.

Over the past year, Whistic grew its employees to 40, a quadruple growth, and plans to add another 10 employees in the next month. In terms of revenue and customer growth, the company is consistently tripling its revenue year over year, as well as seeing hundreds of companies invited to the platform each week, according to Sorensen.

The company launched its Whistic Trust Catalog in 2019, which now has more than 14,000 company profiles that are accessible on-demand.

Many of the brands using the platform include , , , and . Customers have told Sorensen that Whistic has enabled them to take the process of reviewing security questionnaires鈥攐ne that normally took 12 weeks鈥攁nd shrink it down to two weeks. In addition, instead of it taking six hours a day for each vendor, it could be done in as little as 20 minutes, he said.

鈥淲ith more data breaches happening and the more regulations, it requires you to pay attention to these third-party vendors,鈥� he added. 鈥淢any companies are outsourcing security into the hands of third parties. We need a new model to address that, and that is what we are getting at.鈥�

Photo courtesy of Whistic
Illustration: iStock