Kintent, creator of the Trust Cloud platform, has announced a Series-A capital raise of $18 million, led by OpenView, with follow-on participation by Tola Capital. Kintent will use the funding to aggressively hire sales and product staff to support its growing customer base and surplus lead flow.
Kintent has seen 10x growth in the last 12 months, driven by market demand from SaaS businesses who must achieve multiple compliance certifications and complete tedious security assessments to close enterprise deals. Numerous security-minded companies that store and process highly confidential customer data, including BitSight, ChaosSearch, DataRobot, DesktopMetal, Evisort, Jeeves, Notarize, and Snyk, use Kintent to achieve truthful compliance, and share their security program with customers.
In the last 12 months, Kintent has extended Trust Cloud with three trust services to bring compliance and sales together in one platform and enable revenue-generating compliance. While TrustOps helps automate adherence to multiple compliance frameworks, Respond uses AI, unblock sales by completing enterprise security questionnaires in less than one day.
Also, TrustShare shares data privacy and security information with customers, using a live, auto-generated portal that saves marketing budget and time.