# Trustwave Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trustwave-holdings

- Industry: IT Security/Cybersecurity
- Headquarters: Chicago, US
- Website: www.trustwave.com
- Total disclosed funding: $35M
- Latest round: Series C (May 29, 2012)
- Investors on record: 2

## About

Trustwave Holdings, Inc. is a global cybersecurity provider offering managed detection and response services aimed at strengthening organizations' security posture across various industries.Founded in 1995 and headquartered in Chicago, US, Trustwave delivers cybersecurity solutions and was co-founded by Frederik Riedel and Nathaniel Taylor. The company has engaged in 8 total deals, with the most recent being a Secondary Buyout of USD 205.00 mn from The Chertoff Group on July 1, 2025, raising a total of USD 205.00 mn in funding. Eric Harmon is the current CEO.Trustwave offers a comprehensive suite of managed detection and response (MDR) services, enhancing cybersecurity for organizations across various sectors. Their core services include 24/7 threat detection, incident response, and health monitoring, which eliminate active threats and prevent vulnerabilities in clients’ IT environments. Trustwave focuses on maximizing ROI for security information and event management (SIEM) systems, while also providing hybrid security operations support, addressing alert fatigue among security teams. Services are particularly critical for industries with strict compliance requirements, including finance, healthcare, and retail, and Trustwave serves a global client base in North America, Europe, and Asia-Pacific.Trustwave generates revenue primarily through subscription-based models that offer various tiers of managed security services. Clients engage in long-term contracts for continuous protection, with fees based on services selected, such as incident response and vulnerability assessments. Their flagship offerings include proactive threat hunting and incident management, integral to the subscription model. A diverse clientele, including enterprises and mid-sized businesses, benefits from tailored security programs designed for effective cybersecurity management.Trustwave’s acquisition by LevelBlue, LLC, a portfolio company of AT&T Inc. and WillJam Ventures, on July 1, 2025, will enhance its cybersecurity portfolio and expand regulated market access. This move is expected to accelerate global growth. The acquisition will support Trustwave's strategy to strengthen threat intelligence and expand into new markets, allowing for broader access to its services.

## Funding rounds

- Series C, May 29, 2012, $25M — Updata Partners
- Series A, May 19, 2004, $10M — FTV Capital

## Investors

- FTV Capital (https://capitalatlas.ai/funds/ftv-capital) — Series A
- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series C