Tromzo Secures $8M Seed Funding for Expansion of Application Security Posture Management Solutions

Founders of Tromzo (Photo Credit: Tromzo)

MOUNTAIN VIEW, Calif., August 3, 2023 (VSNewsNetwork.com) - Tromzo, a firm specializing in Application Security Posture Management (ASPM), has raised an additional $8 million in an oversubscribed seed round. The round involved participation from lead investor Venture Guides, as well as new investors Alumni Ventures and Uncorrelated Ventures, alongside existing investors. The funds are planned to propel Tromzo's growth in the rapidly expanding ASPM sector, foster partnerships with other application and cloud security platforms, and stimulate global business development.

Harshil Parikh, CEO and co-founder of Tromzo, highlighted the firm's distinct approach. "Our technology brings a differentiated context-based approach to automating the entire risk remediation lifecycle. That's part of the reason we're seeing this explosive growth," he said.

ASPM has recently emerged as an exciting new category of tooling, aiming to assist organizations in understanding and enhancing the risk posture of applications at different stages, from software development to deployment and operations. Tromzo has already amassed customers across Fortune 500 companies, FinTech, HealthTech, and unicorn SaaS businesses, demonstrating rapid growth in this burgeoning sector.

Ben Holzman, Partner at Venture Guides, recognized the problem ASPM is designed to solve. "Every security team is struggling to make sense of what code and cloud artifacts exist, their risk posture, and which risks to mitigate first," Holzman said.

For more information, visit www.tromzo.com

Source: Tromzo via Newswire