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Thoropass provides an end-to-end platform for security compliance and audit management, enabling businesses to streamline their adherence to various regulatory frameworks. The company’s integrated solution automates evidence collection, leveraging AI, and couples this technology with expert guidance to simplify complex compliance processes for standards like SOC 2, ISO 27001, PCI DSS, and HIPAA. This approach helps organizations continuously monitor and maintain their security posture efficiently.
The company was founded in 2019 by Sam Li, Austin Ogilvie, and Eva Pittas. Their foundational insight stemmed from recognizing the growing burden of security compliance on modern businesses, particularly for those lacking specialized in-house expertise. They aimed to democratize access to robust compliance and audit capabilities, making it achievable for companies of all sizes to meet stringent security requirements without significant operational overhead.
Thoropass serves a diverse range of companies seeking to manage and pass security audits with confidence. Its vision centers on transforming compliance from a reactive, resource-intensive challenge into a proactive, manageable aspect of business operations. By providing both intelligent software and human expertise, Thoropass empowers organizations to embed compliance seamlessly into their workflows, fostering trust and security in an increasingly regulated digital landscape.
Thoropass has raised $98.0M across 4 funding rounds.
Thoropass has raised $98.0M in total across 4 funding rounds.
Thoropass is a New York-based technology company founded in 2019 that provides an end-to-end compliance platform combining AI-native automation, in-house auditors, and expert services for information security and data privacy. It helps companies achieve and maintain compliance across 30+ frameworks like SOC 2, HITRUST, HIPAA, GDPR, PCI DSS, ISO 27001, and ISO 42001, serving sectors such as health tech and fintech.[1][2][3] The platform solves the problem of compliance as a blocker to innovation by automating evidence collection, enabling continuous monitoring, and delivering enterprise-grade audits 62% faster on average, saving over 950 manual hours per audit while integrating pentesting, trust centers, and AI-powered due diligence questionnaires (DDQs).[2][3][4]
Thoropass demonstrates strong growth momentum, conducting over 500 audits annually, automating 100% of technical control evidence submission, and earning reports accepted by 50+ Fortune 500 companies, with 5-star G2 ratings from hundreds of reviewers. It leads in AI compliance, being the first (and only) solution HITRUST i1 and ISO 42001 certified.[1][4]
Thoropass was founded in 2019 by Eva Pittas (President, COO), Sam Li, and Austin Olive, initially as Laika, after the founders observed how compliance—while essential—often unnecessarily hindered innovation in growing companies.[1][3][4] Eva Pittas brings over 20 years from Citigroup as a Managing Director in IT controls, compliance, and vendor management, plus experience founding boutique consulting firm BRCG; she holds an NYU Stern degree and focuses on women's professional growth.[4] The idea emerged from real-world frustrations in traditional compliance processes, evolving into a mission to reimagine compliance through integrated software, services, and in-house auditors.[2][4]
Early traction came from building a closed-loop platform that blends automation with direct audits, attracting venture backing as a privately held company. Pivotal moments include AI innovations like GenAI DDQs and AI pentesting, plus recent certifications setting it apart from competitors.[1][5]
Thoropass rides the surge in regulatory demands for data privacy and AI security amid rising cyber threats, GenAI adoption, and frameworks like ISO 42001, where timing is critical as businesses scale amid complex compliance needs.[1][5] Market forces favoring it include the shift from point-in-time to continuous compliance, AI-driven efficiencies reducing manual burdens, and demand for integrated solutions in high-stakes sectors like health tech and fintech.[2][3] It influences the ecosystem by pioneering AI compliance standards—no direct competitor matches its AI depth or certifications—enabling faster innovation, setting benchmarks for ethical AI, and partnering on future frameworks to protect data in an AI era.[1][5]
Thoropass is poised to dominate as the go-to compliance partner for AI-native enterprises, expanding AI tools for predictive threat detection and multi-framework automation while scaling its in-house audit capacity beyond 500/year. Trends like always-on monitoring, GenAI risk management, and evolving regs (e.g., AI-specific audits) will propel growth, potentially capturing more Fortune 500 deals and international markets. Its influence may evolve from innovator to standard-setter, ensuring compliance fuels rather than blocks tech innovation—just as it set out to fix from day one.[1][2][5]
Thoropass has raised $98.0M in total across 4 funding rounds.
Thoropass's investors include Accel, Bain Capital Ventures, Commerce Ventures, Company Capital, Exponent Founders Capital, Fin Capital, Freestyle Capital, General Catalyst, Inspired Capital, Lightspeed Venture Partners, Moonshots Capital, Nyca Partners.
Thoropass has raised $98.0M across 4 funding rounds. Most recently, it raised $50.0M Series C in November 2022.
