Third-party risk management provider Visio Trust has announced raising $7 million in a funding round that brings the total raised by the company to $24 million.

The new investment came from Allstate Strategic Ventures, Bain Capital Ventures, Cisco Investments, EnvisionX Capital, Lytical Ventures, Scale Asia Ventures, Sierra Ventures, and Work-Bench.

Founded in 2020, the San Francisco-based startup has built a third-party risk management platform that relies on AI to deliver enhanced security intelligence to enterprise customers.

The platform collects, analyzes, and monitors artifacts from vendors to deliver real-time, comprehensive assessments and provide security teams with the security intelligence needed in making informed decisions during procurement.

According to Visio Trust, its platform aggregates and analyzes data breach advisories, SBOMs, and SEC filings to help security teams respond to emerging threats and maintain compliance, especially when managing risks across cloud-first, AI-driven enterprise landscapes.

Visio Trust says its platform is already used by well-known organizations, including Bain Capital, Instacart, Notion, and Upwork, to reduce risks across third-party relationships.

The startup will use the new funding to scale its unique artifact-based platform, building an AI governance platform for risk reduction.

“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,” Visio Trust CEO Paul Valente said.

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