Conveyor, a San Francisco, CA-based startup focused on automating the security review response process using large language models (LLMs), raised $12.5 million in Series A funding.
The round was led by Cervin Ventures, bringing Conveyor’s total raised funding to $19 million.
Cervin Ventures is a Silicon Valley-based venture capital firm that focuses on early-stage investments in enterprise technology. The company’s partners actively work with early-stage founders and product visionaries to design, build, and bring disruptive technologies to market to change how the world works.
Conveyor Use of Funds
The company plans to use the funds to support growth, expand its team, and further advance the company's generative AI solution to accurately convey a customer's security posture in seconds instead of weeks.
Founded by Chas Ballew, Conveyor is a generative AI-powered platform that automates and scales customer security reviews. The platform includes a trust portal that facilitates the secure exchange of security information, enabling vendors to easily share documents, FAQs, and essential security details. Conveyor's questionnaire completion software employs generative AI to automatically generate responses to security questions in a format that closely resembles human responses. Conveyor's platform allows vendors to quickly and accurately convey their security and compliance posture to potential customers. The solution leverages generative AI powered by a large language model (LLM) trained in security and compliance. Its platform has gained recognition and adoption among various businesses, including companies like Carta, Lucid Software, and Freshworks.
Company: Conveyor, Inc.
Round: Series A
Funding Month: October 2023
Lead Investors: Cervin Ventures
Company Website: https://www.conveyor.com/
Software Category: Automated Security Questionnaire Completion Software