# Whistic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/whistic

- Industry: Software
- Headquarters: Pleasant Grove, US
- Website: www.whistic.com
- Total disclosed funding: $51M
- Latest round: Series B (Jun 1, 2022)
- Investors on record: 6

## About

Whistic, Inc. is a US-based company that specializes in third-party risk management, utilizing advanced artificial intelligence to automate vendor assessments and enhance security compliance across various sectors.Founded in 2015 and headquartered in Pleasant Grove, US, Whistic, Inc. operates a third-party risk management platform that facilitates vendor assessments. The company was co-founded by Juan Rodriguez, and the current CEO is Nick Sorensen. In June 2022, Whistic raised USD 35 mn in Series B funding, led by JMI Equity, to further its operations.Whistic offers a comprehensive third-party risk management (TPRM) platform that leverages advanced artificial intelligence to streamline and automate vendor assessments. Its core product, Whistic Assessment Copilot, enables organizations to manage, publish, and share their security posture efficiently while facilitating the exchange of on-demand security and compliance information. Whistic serves clients in finance, healthcare, and technology across North America, Europe, and Asia-Pacific, addressing the challenges of lengthy assessment cycles with real-time vendor security insights.Whistic's revenue model is based on subscription services, with clients engaging through annual contracts for access to the TPRM platform and its features. The pricing structure is tiered to accommodate various organizational needs, including automated security questionnaire responses and risk monitoring, helping clients focus on strategic security initiatives while ensuring compliance with industry standards.Following its Series B funding round on June 1, 2022, which valued the company at USD 168.8 mn post-money, Whistic plans to utilize the USD 35 mn raised to enhance its Vendor Security Network. The company aims to expand its services in new markets and geographic regions, although specific targeted areas have not been disclosed. This strategic funding will support further development and deployment of their platform.

## Funding rounds

- Series B, Jun 1, 2022, $35M — JMI Equity, Emergence Capital, Album VC, Forgepoint, FJ Labs
- Series A, Jul 6, 2020, $12M — Emergence Capital, Album VC, FJ Labs
- Seed, Mar 12, 2019, $4M — FJ Labs, Bossa Nova Investimentos

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A, Series B
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Seed
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A, Series B
- Album VC (https://capitalatlas.ai/funds/album-vc) — Series A, Series B
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series B
- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series B