Digital workflow and automation company Trizic has closed a $10m Series A venture round led by Sorenson Ventures.
Participation to the round also came from financial technology developer FIS and Bancorp Bank founder and former CEO Betsy Cohen. Existing investors Freestyle Capital, Broadhaven Capital Partners, PEAK6, and Commerce Ventures, also contributed to the Series.
California-based Trizic develops digital investment technology for wire houses, brokerages, asset managers, banks, credit unions, and Registered Investment Advisors. The end-to-end digital wealth solutions accommodates ETFs, mutual funds and equities.
Through the platform, clients can create a flexible model-based trading portfolio and access automatic tax optimised portfolio management tools. Other offerings from Trizic include intelligent cash management, online client billing, automated trading and rebalancing, compliance reporting, user onboarding, money transfers and simple document access.
Trizic is DISA STIG, PCI DSSv3.1, and Veracode VL4 level compliant. It claims to build from the ground up with Center for Internet Security (CIS) instances and add layers of encryption, authentication and key rotation from there. The investment comes while the company is expanding its offerings, supplying its technology to RIAs, Asset Managers, Broker Dealers, Banks, and Credit Unions.
Trizic CEO Drew Sievers said, “For the past year, we’ve focused on successfully deploying solutions for our clients, and advancing the underlying technology and connections into, and out of, the Trizic platform.
“With a strong sales pipeline and many conversions across all three of our target verticals, now was the perfect time to bring in some incremental capital, and expand our deployment and sales organizations.”
DISA STIG, the Security Technical Implementation Guides from the Defense Information Systems Agency, comprise a library of documents that explain very specifically how computing devices should be configured to maximize security.
The PCI DSS applies to all entities that store, process, and/or transmit cardholder data. It covers technical and operational system components included in or connected to cardholder data.
Veracode enables an organization to define and enforce a uniform application security policy across all applications in its portfolio. It provides default policies to make it easier for organizations to begin measuring their applications against policies. There are two sets of default policies: Transitional policies, which are the default policies for all organizations and which are designed to set a low bar for those initially adopting Veracode for application security programs; and Veracode Recommended policies, which are a “best practice” recommendation based on Veracode levels.
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