Led · Equity · Feb 2018

Trunomi is a Bermuda and London, UK-based provider of customer consent and data rights and privacy software solutions. Its core product is customer consent and data rights management technology that enables businesses to request, receive, capture and prove the legal basis for processing customers' data. The platform helps companies comply with EU GDPR and ePrivacy Regulation and other global data privacy laws. Trunomi aims to automate compliance and replace inefficient and costly legacy approaches. The company raised $3.5M in a round of financing. It plans to use the funds to manage a rapid increase in demand for its technologies and to continue its global expansion. Trunomi provides mobile and web consent-based technology that enables financial institutions to securely connect with customers through a consent-based data-sharing platform. The company's core product focuses on customer consent management and permissioned personal data sharing. Led by founder and CEO Stuart Lacey, Trunomi has signed strategic partnerships, including with Widerpool, which invested to develop its telecoms market proposition. The company raised $3m in seed funding to support product development. Trunomi plans to use the funds to continue evolving its technology and to grow in Asia and globally. It is based in Mountain View, California. Trunomi offers a proprietary consent-based KYC data-sharing platform that accelerates, simplifies and secures customer data collection and sharing. Its enterprise solution expedites customer onboarding, helps institutions realize new revenue streams, and minimizes regulatory and reputational risk. Customer-facing mobile and web applications let consumers control and manage consent to share their personal data across industry participants. The platform creates auditable, digitized sets of customer identification data designed to comply with international privacy and regulatory requirements. Trunomi has offices in Bermuda, the U.S. and Europe and has expanded its reach since its official launch in October 2014, earning recognition such as inclusion on the 2015 European FinTech 50 and finalist placements in the Benzinga FinTech Awards and Visa Europe Collab Startup Competition. The company recently closed a $3 million capital raise to fund continued progression of its technology and market growth. Trunomi offers a B2Me platform that enables regulated entities and consumers to create auditable “Golden Source” digitized KYC datasets and securely share them. Its enterprise TruHub product simplifies KYC capture and review, enabling audit-level data extraction, real-time surveillance, and faster customer onboarding. TruMobile lets consumers manage permissioning, provisioning, and updating of their PII from a mobile device, with real-time consent, biometric authentication, and multiple patent filings backing the approach. The company says its platform can onboard customers five times faster at around 20% of the cost of manual processes, and it cites a co-development relationship with Mitsubishi UFJ Fund Services. Trunomi planned public demonstrations of TruHub and TruMobile at Money20/20 and BAI Retail Delivery. The company has said it is poised to expand its services to additional regulated industry verticals.

Led · Series A · Aug 2017

Wasabi Technologies has built a high-growth business offering Hot Cloud Storage that emphasizes predictable pricing by eliminating egress and API request fees. The company serves customers in over 100 countries and operates 16 global storage regions. Wasabi recently acquired Lyve Cloud from Seagate Technology and introduced Wasabi Fire, an NVMe-based storage class designed for compute-intensive AI and ML training. The business has raised over $700 million in total funding and was valued at $1.8 billion following a $70 million equity round led by L2 Point Management with participation from Everpure. Wasabi says it will continue investing in its platform, infrastructure, and global expansion to meet rising demand for scalable, secure data storage.