Latest news with #trustmanagement
Associated Press
23-07-2025
- Business
- Associated Press
Vanta Raises $150M Series D to Power the Future of AI-Driven Trust
SAN FRANCISCO--(BUSINESS WIRE)--Jul 23, 2025-- Vanta, the leading AI-powered trust management platform, today announced its $150 million Series D funding round at a $4.15 billion valuation. The round was led by new investor Wellington Management, and included existing investors, Growth Equity at Goldman Sachs Alternatives, Sequoia, J.P. Morgan, Craft Ventures, Y Combinator, Atlassian Ventures and CrowdStrike Ventures. The funding brings Vanta's total funds raised to $504 million since 2021. This press release features multimedia. View the full release here: 'We started Vanta with a simple belief: if we made it easier to share trust between businesses, all companies could grow faster and more securely,' said Christina Cacioppo, CEO of Vanta. 'Today, we're helping businesses earn and prove trust—enabling over 12,000 companies to scale security and GRC the way they scale software. With this new funding, we'll accelerate Vanta's AI innovation and expansion into new areas like third-party risk and government compliance—solving more of the real, day-to-day challenges our customers face.' Vanta Fast Facts From compliance automation to continuous trust Vanta began in 2018 by helping startups automate SOC 2, giving them a faster path to market and revenue. Today, it's a full-stack AI trust management platform used by companies of every size—from seed-stage to the Fortune 50—to continuously monitor risk, maintain compliance and prove trust in real time. The platform now supports zero-touch verification across a broad set of compliance and security controls and offers built-in tools for vendor risk management, access reviews and risk management, as well as Trust Centers that provide real-time transparency to customers and partners. This evolution reflects Vanta's vision to move security reviews from static, point-in-time checks to a model of continuous, automated verification—giving teams real confidence in their trust posture, every day. AI-powered impact Vanta's newly launched AI Agent connects across the platform to guide teams through workflows, surface inconsistencies, answer policy-related questions and automate workflows such as evidence verification— saving some teams up to 12 hours per week. AI-powered Questionnaire Automation drafts more than 80% of responses to security questionnaires, with a 95% acceptance rate—helping teams complete security reviews in half the time. Together, these innovations address some of the most persistent challenges GRC and security teams face—like chasing evidence, managing fragmented tools, and responding to endless questionnaires—so they can focus on higher-impact work. 'We're excited to lead Vanta's latest round of funding and support them as they transform how companies build and prove trust,' said Matt Witheiler, Head of Late-Stage Growth, Wellington Management. 'Vanta's AI-driven platform is moving beyond the standard for security and compliance -- with real-time, continuous verification that's essential for every industry in today's business environment. Christina and Vanta have created something truly special and we look forward to seeing their impact grow as they expand into new markets and push the boundaries of what's possible for trust management in the age of AI.' Real results from leading teams Vanta is changing how leading businesses including Icelandair, Intercom, Mistral AI, Omni Hotels and Salvation Army Australia build and prove trust. With Vanta: Expanding across product, partners and people In the last year alone, Vanta has significantly expanded its platform and global presence: About Vanta Vanta is the leading AI trust management platform that helps simplify and centralize security for organizations of all sizes. Over 12,000 companies including Atlassian, Duolingo, Icelandair, Ramp and Synthesia rely on Vanta to build, maintain and demonstrate their trust—all in a way that's real-time and transparent. Founded in 2018, Vanta has customers in 58 countries with offices in Dublin, London, New York, San Francisco and Sydney. For more information, visit View source version on CONTACT: Press Contact [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: SECURITY DATA MANAGEMENT TECHNOLOGY ARTIFICIAL INTELLIGENCE SOFTWARE SOURCE: Vanta Copyright Business Wire 2025. PUB: 07/23/2025 07:57 AM/DISC: 07/23/2025 07:57 AM
Yahoo
22-07-2025
- Business
- Yahoo
$275M Inheritance Fight: What Every Millionaire Can Learn From Jimmy Buffett's Mistake
Renowned singer-songwriter Jimmy Buffett died in September 2023, leaving behind a $275 million estate. The bulk of Buffett's assets went into a marital trust with his widow, Jane Slagsvol, as the main beneficiary. Slagsvol is a co-trustee, along with Buffett's long-time business manager, Richard Mozenter. Unfortunately, there's been a massive legal dispute between Mozenter and Slagsvol over that trust. Specifically, Slagsvol is petitioning to remove Mozenter as co-trustee for three primary reasons. The first is that he's failed to generate enough income with the trust's investments. The second is that he hasn't kept her abreast of the trust's various investments, expenses and income. And the third is that, according to her, Mozenter has been 'openly hostile' and appears to be working against her best interests. Check Out: Warren Buffett Offers One Piece of Estate Planning Advice to the Middle Class Read Next: 25 Places To Buy a Home If You Want It To Gain Value According to Slagsvol, the trust is estimated to receive less than a 1% return rate — not enough to cover her annual expenses. Along with this, Mozenter received $1.7 million in trustee fees in 2024. In response to all this, Mozenter also seeks to remove Slagsvol as co-trustee. If you're a millionaire, you could learn a few things from the way Jimmy Buffett handled his estate so you don't make the same mistake. Choose Your Trustees Carefully When you have a massive estate, it's crucial that you choose your trustee — or trustees — carefully. It's not always enough to pick someone you've known for a long time or who you're married to. 'Choose your trustee like you'd choose a CEO; someone trustworthy, financially literate and emotionally neutral. If you don't have that person within the family, appoint a professional or corporate trustee,' said Craig Parker, assistant general counsel at Trust & Will and a California state bar-certified specialist in estate planning, trust and probate Law. With larger, complex estates, having co-trustees can be a good strategy. But you'll want to make sure they trust one another and work well together. If all else fails, you could name a trust protector who will step in if either trustee can no longer perform their role. Learn More: The Estate Planning Secret the IRS Doesn't Want You To Know, According To John Liang Be Extremely Clear With Your Estate Plan The importance of being clear with how you want your assets managed and doled out can't be understated. While Buffett might have believed choosing his wife and business manager as co-trustees was enough, anything that's left unclear can lead to major legal battles down the road.
Yahoo
17-07-2025
- Business
- Yahoo
Vanta Acquires Riskey to Transform Vendor Risk with Continuous, AI-Powered Monitoring
SAN FRANCISCO, July 17, 2025--(BUSINESS WIRE)--Vanta, the leading AI-powered trust management platform, today announced the acquisition of Riskey, a pioneer in real-time third- and fourth-party risk monitoring. The addition of Riskey's technology into Vanta Vendor Risk Management (VRM) significantly advances Vanta's capabilities in supporting security teams with an automated approach to VRM — replacing static point-in-time assessments with continuous, AI-driven risk intelligence. In today's threat landscape, the stakes of third-party risk are accelerating. According to Gartner, 45% of organizations have seen an increase in business interruptions due to third-party cybersecurity incidents1 all while the number of vendors companies rely on grows year after year. This compounding results in IT teams spending over six hours every week just on reviewing vendor risk.2 "The traditional model of vendor risk reviews—annual questionnaires and lagging scores—no longer meets the pace or scale of today's threat landscape," said Jeremy Epling, Chief Product Officer, Vanta. "By integrating Riskey and Vanta, we've unlocked continuous vendor risk monitoring which lets customers identify threats proactively and take action immediately to protect company assets. Most exciting for us is that we've already added Riskey's technology into Vanta and are getting it in the hands of customers today." Co-founded by Koren Molcho, Yoav Dagan and Eldar David, Riskey's third- and fourth-party risk technology monitors for vulnerabilities, breaches, misconfigurations, leaked credentials and subprocessors. Its dynamic AI scoring model intelligently categorizes findings and delivers actionable context to security teams so they know what they need to do and when. "The pain in the current vendor risk market is deep and profound," said Koren Molcho, CEO and co-founder, Riskey. "Customers are drowning in vendor data with no clear signal on what's relevant or actionable. Combining Riskey's monitoring technology into Vanta's VRM offering is an absolute game changer. We're incredibly excited to join this team and bring even more value to customers, together." Vanta VRM customers will be able to: Run comprehensive vendor assessments through first-party security reviews plus third- and fourth-party risk monitoring Streamline risk management with automatically collected vendor security artifacts and intelligent risk attributes Continuously monitor for vendor changes and get real-time alerts, context, severity and guidance for mitigation Reduce noise and clutter by having actual threats surfaced using AI-powered insights tailored to direct attention to what matters most The integration of Riskey into Vanta builds on the company's market leadership in intelligent, automated tools to manage risk. According to IDC3, organizations using Vanta's platform have a 526% ROI and save over $500K per year on average by streamlining audits, automating security reviews and reducing third-party risk. "Vanta's vendor risk monitoring is a great platform for both our CISO and CIO, especially when validating vendors during onboarding as well as continuous vulnerability assessments," said Itay Yefet, CIO, Liberty Latin America. Vanta is setting a new standard for AI-powered trust management—enabling organizations of all sizes to scale security programs, reduce operational overhead and proactively manage risk in real time. The recently launched Vanta AI Agent saves time, reduces human error and streamlines program management. By autonomously handling end-to-end workflows across a company's entire GRC program, the Vanta AI Agent identifies issues and inconsistencies individuals might miss and proactively takes action on their behalf—all while keeping teams informed and in control. Vanta customers can access the new continuous vendor risk monitoring by reaching out to their account team. For more information about Vanta VRM, visit: About Vanta Vanta is the leading AI-powered trust management platform that helps simplify and centralize security for organizations of all sizes. Over 11,000 companies including Atlassian, Duolingo, Icelandair, Ramp and Synthesia rely on Vanta to build, maintain and demonstrate their trust—all in a way that's real-time and transparent. Founded in 2018, Vanta has customers in 58 countries with offices in Dublin, London, New York, San Francisco and Sydney. For more information, visit ____________________ 1 Gartner®, Optimize Use of Certifications and Attestations for Third-Party Security Review, Pedro Pablo Perea de Duenas, Alicia Booker-Carney, 9 January 2025 2 Vanta State of Trust Report 2024. 3 IDC White Paper, The Business Value of Vanta (doc #US52656824), January 2025. Sponsored by Vanta. View source version on Contacts Press Contact press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
