Trustpage, a compliance startup based in Detroit, has raised $5 million in seed funding to allow companies to collaborate and build trust with their userbase.
The funding round was co-led by Bonfire Ventures, Ludlow Ventures, and Detroit Venture Partners, with participation from Entrée Capital, Basement Fund, and GTMfund. This funding will allow Trustpage to boost its recruitment efforts to find top talent as well as to invest in innovative AI-assisted features. Brett Queener, Partner at Bonfire Ventures and former Salesforce EVP, referred to the firm’s reason to invest in the startup by saying::
“Trustpage takes a product-led approach to security that helps companies turn what is often considered a liability into a competitive advantage. Software companies must earn the trust of their customers to scale, and Trustpage eliminates outdated processes through AI-powered collaboration that makes security reviews faster and easier for everyone.”
Founded in 2020, Trustpage aims to become the leader when it comes to helping companies turn security into a tool that allows them to earn their customer’s trust, adding value to cybersecurity as a competitive advantage. The startup achieves this by offering a central resource that details a company’s security posture, which can then be easily shared with customers to build credibility and trust. Chase Lee, CEO and founder at Trustpage, said about this mission:
“Trust in software is broken. Trustpage transforms the often painful process of security reviews into a fast and easy collaboration. By empowering companies to easily earn and build the trust of their customers, we help transform security into a competitive advantage and maximize revenue opportunities.”
With cybercrime costing enterprises and individuals over $6 trillion this year, trust in software solutions has been negatively affected as users become wary of using third-party tools. This is especially worrisome at a time when software is essential for most processes and operations, which is why Trustpage is looking to provide a solution for software developers and users alike by allowing them to build trust between both parties.