TrustLogix Completes Series Seed-2 Funding Round with WestWave Capital
Deal News | Jan 28, 2025 | WestWave Capital LLC
TrustLogix, a leader in AI-powered data security, has successfully concluded its Series Seed-2 funding round, raising a total of $13 million. Spearheaded by WestWave Capital with co-lead investment from Alter Venture Partners, The Hive, and Norwest Venture Partners, this funding aims to bolster TrustLogix's AI capabilities in data security. TrustLogix's platform is designed for enterprise scale, to secure access control over more than 50 exabytes of data. The funding will enable further development in automated policy-based access controls and data security posture management, crucial for global data security and governance without impeding data accessibility. Notably, TrustLogix has earned recognition as an Innovation Leader from Kuppinger Cole and a representative vendor by Gartner in its Market Guide. WestWave Capital and Norwest Venture Partners underscore TrustLogix's unique architecture and its adaptability to complex enterprise environments as the driving factors behind their investment.
Sectors
- Data Security
- Venture Capital
- Artificial Intelligence
Geography
- United States – TrustLogix is based in Mountain View, California, USA, and the involvement of US-based investors highlights the geographical focus of the transaction.
Industry
- Data Security – The article focuses on TrustLogix, a company specializing in AI-powered data security platforms, a critical sector for securing sensitive data in the modern digital landscape.
- Venture Capital – WestWave Capital's investment in TrustLogix represents the venture capital industry's role in funding and supporting emerging technologies and startups.
- Artificial Intelligence – TrustLogix leverages AI technology to enhance its data security capabilities, representing the growing integration of AI in tech solutions.
Financials
- $13 million – The total raised in the Series Seed-2 funding round by TrustLogix led by WestWave Capital and other investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TrustLogix | Target | Company | A leading provider of AI-powered data security platforms, seeking to enhance its AI capabilities through the funding round. |
| WestWave Capital LLC | Lead Investor | PE Firm | A venture capital firm leading the recent funding round for TrustLogix, focusing on emerging growth companies. |
| Alter Venture Partners | Co-lead Investor | Company | A venture capital firm participating as a co-lead investor in the funding round for TrustLogix. |
| The Hive | Investor | Company | Participated as an investor in TrustLogix's funding round. |
| Norwest Venture Partners | Existing Investor | Company | An existing investor in TrustLogix, continuing their support in the recent funding round. |
| Ganesh Kirti | CEO & Founder | Person | CEO and Founder of TrustLogix, driving the company's mission and innovation in data security. |
| Warren Weiss | Managing Director | Person | Managing Director at Westwave Capital, recognizing TrustLogix's potential and essential investment opportunity. |
| Promod Haque | General Partner | Person | General Partner at Norwest Venture Partners, an early investor supporting TrustLogix's growth journey. |