Trustle Raises $6M Seed Round to Revolutionize Access Management
California-based startup looks to secure the cloud environment by expanding the development of its cloud native access management solution with more AI-driven capabilities
WALNUT CREEK, CA. – April 4, 2023—Trustle, provider of innovative cloud access management solutions, today announced a $6 million seed funding round led by Glasswing Ventures, with participation from FUSE, Correlation Ventures, and Capital Technology Ventures. Founded in 2019, Trustle’s mission is to revolutionize the management of access-at-risk. The company will use this funding to expand product development, marketing research and sales resources.
According to a 2022 report from Identity Defined Security Alliance, 84% of respondents experienced an identity-related breach in the last year, with 78% citing a direct business impact as a result. Trustle is helping organizations address identity and access-based attacks by enabling them to follow the principle of least privilege and just-in-time access for securing sensitive and confidential data.
Specifically, Trustle enables deep integration into a company’s critical cloud resources, including Azure, Okta, and Google Workspaces, and makes it simple for citizen developers to automate secure access control and compliance reviews across systems. Most recently, Trustle added support for Tableau and expanded support for GitHub.
“The mechanisms to manage access differ across cloud resources, making it incredibly difficult for teams to wrap their arms around who has access to what, creating risk for enterprises. Trustle packages all of these nuances into one streamlined platform that provides dynamic permissions and access management for citizen developers," said Emiliano Berenbaum, CEO, Trustle. "We are thrilled to have the support of each of our investors and look forward to growing our presence in the market."
With Trustle, teams can automatically grant and rescind access to multiple resources on a user-by-user basis while offering a holistic overview of all connected systems. The Trustle platform also allows companies to categorize employees, contractors, systems, and customers without storing this information in an HRM (human resource management) system. To support audit and regulatory requirements, Trustle provides approval workflows.
To further enhance the user experience, Trustle’s upcoming product roadmap includes new Trustle Pacs, allowing users to cluster permissions from multiple systems such as AWS or Github. In practice, this will enable the head of an account the ability to grant access to specific individuals rather than an HR manager or system administrator, allowing for enhanced efficiency. Additionally, Trustle will calculate micro and macro risk levels for individual employees, contractors, customers, and connected systems based on misconfigured settings and access.
"As identity and access management practitioners themselves, Trustle’s leadership team has seen firsthand the seemingly never-ending stream of access requests that a business generates daily,” said Rick Grinnell, Glasswing Ventures Founder and Managing Partner. “They have witnessed the pervasive challenges associated with employee access, and how contractors, systems and customer access are also being improperly managed and tracked. Glasswing is impressed by Trustle’s AI-driven solutions to address access management in the cloud, and we believe the company is well-positioned for success in this market."
"Cloud systems are both the most critical and often least protected assets, mainly because current solutions lack the depth and alignment with modern operating models. Trustle recognized a significant market need to improve on cloud platforms and operations management, and has already taken significant steps to present a meaningful solution to the market. FUSE is pleased to invest in Trustle and be part of their journey to revolutionize access management,” added Kellan Carter, partner at FUSE.
Trustle will be at the 2023 RSA Conference in San Francisco from April 24-27. To meet the Trustle team and learn more about the company’s access management technology during the event, please get in touch.
About Trustle Trustle simplifies needs-based access control and enables a more secure and efficient cloud environment. With Trustle, system owners can create a comprehensive catalog of permissions and policies that allow front-line users to request access or be granted temporary, just-in-time, or until-revoked access. Trustle helps developers, citizen developers, teams and organizations manage access-at-risk within minutes, establish new strategies and structure to protect business data within days, and improve and accelerate compliance.
Learn more about Trustle at https://www.trustle.com/.