Cybersecurity firm TruOps lands new investment

TruOps, a cybersecurity, risk and compliance management software company, has landed a new investment from Petros Partners.

Headquartered in Connecticut, TruOps was founded to deliver an integrated security, risk and compliance management cloud-based platform to address the challenges of over engineered, complex GRC implementations.

Organisations rely on TruOps’ cloud-based platform to improve their cybersecurity, manage risk and stay on top of regulatory compliance. The new capital will be used to further develop and market the its platform and will bring additional tech jobs to southwestern Connecticut.

“Businesses today are increasingly dependent on technology and use interconnected systems for their employees and external partners and vendors. This leads to an overwhelming amount of enterprise risk, security threats and compliance challenges,” said TruOps CEO Ajay Gupta.

“We’re pleased to be partnering with Petros to continue to protect our clients and promote Connecticut as a hub for tech and software; we look forward to our continued expansion. Petros has been a pleasure to work with on this critical step in our company’s evolution.”

TruOps automates the entire risk and compliance management process with a simple by design framework which is quick to deploy and easy to use according to the company. Its software combines risk management with insider and external threat intelligence to give enterprises a holistic view of risk.

The funding comes from the Petros Connecticut Fund I, an $18m investment fund focused on supporting the growth of Connecticut businesses. The fund operates under the state’s Insurance Reinvestment Tax Credit Program and encourages and assists in the creation, development, and expansion of Connecticut businesses by providing them access to both capital and operational expertise.

Copyright © 2018 RegTech Analyst

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