Conveyor, a San Francisco, CA-based provider of an AI-powered platform that streamlines, automates, and scales customer security reviews, raised $12.5M in Series A funding.
The round was led by Cervin Ventures.
The company intends to use the funds to accelerate growth, expand its team, and further advance its generative AI solution.
Led by CEO and Founder Chas Ballew, Conveyor is a generative AI-powered platform that automates customer security reviews and allows any vendor to instantly and accurately convey their security and compliance posture to any customer. Its comprehensive security review automation system simplifies the exchange of security information, allowing vendors to securely share documents, FAQs, and showcase security details. Its questionnaire completion software automatically generates human-like responses to security questions in the original questionnaire format, achieving over 90% accuracy while identifying low-confidence responses for human review.
To date, Conveyor’s AI has helped teams answer more than 20,000 security questions and free up their full-time employees to take on more meaningful security activities.
FinSMEs
11/10/2023