Whistic drastically reduces the time it takes for buyers and sellers to develop trusted relationships founded on transparency, security, and privacy
Fremont, CA: Whistic, the proactive vendor security platform for buyers and sellers, secured $12 million Series A led by Emergence with participation from Album VC and existing investors. The funding will be used to scale operations and continue to hire top talent.
At a time when security and privacy are at the forefront of nearly every business transaction, Whistic reduces friction by automating and streamlining security reviews, enabling InfoSec teams to rapidly understand the security and compliance posture of a given company, and sales teams to proactively share their posture with customers.
“As more companies are realizing the importance of generating trust with their customers and validating trust with their third-parties, we are excited to offer a new, proactive approach to vendor security,” said Nick Sorensen, Whistic CEO. “The alliance with Emergence enables us to continue to accelerate our growth and develop new ways for companies to evaluate security postures and build trust.”
Emergence focuses its investments on early and growth-stage enterprise cloud companies that are focused on changing the way the world works, with Zoom, Salesforce, Box, Bill.com, and Veeva as part of their current portfolio. “We’re excited to have Whistic join our family of market-defining companies at a time when quickly building and verifying trust is critical,” said Gordon Ritter, Emergence Founder, and General Partner. “The value the platform delivers for customers is unparalleled and we are looking forward to creating a new fabric of trust that speeds up the pace of business globally.”
Whistic also announced a new integration that empowers sales teams to proactively share their Whistic Profile with customers directly from Salesforce, dramatically simplifying the security questionnaire process and establishing trust early in the sales cycle. Customers have reported dramatic decreases in sales cycles, often by over one month, and security review turnaround times have dropped from four weeks to one day.