Company Research Report: Thoropass

Company Overview

• Name: Thoropass

• Mission: Thoropass was founded with the mission to ensure compliance is never a blocker to innovation. The company aims to streamline the compliance process through their all-in-one platform that combines audit and assessment with compliance automation.

• Founded: Thoropass was established in 2019.

• Founders: Sam Li, among others.

• Key People:

• Sam Li, CEO and Co-founder

• Eva Pittas, President, COO, and Co-founder

• Austin Ogilvie, Executive Chairperson

• Dicken Chaplin, CFO

• Headquarters: No information is available

• Number of Employees: 200+ employees

• Revenue: No information is available

• Notable Achievements:

• Thoropass is known for its comprehensive compliance automation platform, audit capabilities, and providing a single source of truth for audit readiness.

• The company is a HITRUST Accredited Assessor and the only compliance automation platform provider that is also HITRUST i1 Certified.

Products

Overview

Thoropass offers a range of products that aim to automate and simplify compliance and audits. Their key products utilize advanced technology, including AI, to streamline compliance processes and ensure audit readiness across various frameworks.

Product Details

1. Thoropass Compliance Platform

• High-level Description: An all-in-one compliance automation platform combining audit, assessment, and compliance automation.

• Key Features: Policy creation, continuous control monitoring, risk management, and integration capabilities with over 100 pre-vetted systems.

2. Thoropass AI

• High-level Description: An AI-driven solution designed to streamline manual audit processes.

• Key Features: Pre-screens audit evidence, identifies discrepancies and common mistakes, AI-enabled evidence verification.

3. Thoropass Pentesting

• High-level Description: Provides CREST-accredited penetration testing services to identify and mitigate cybersecurity risks.

• Key Features: Customizable pentesting services, actionable and audit-ready reporting, and the ability to address vulnerabilities in web apps, mobile apps, and networks.

4. Compliance and Risk Center

• High-level Description: Enables organizations to manage compliance across various frameworks and risk assessments.

• Key Features: Continuous compliance monitoring, risk register, and security questionnaires.

5. First Pass AI

• High-level Description: A tool for transforming infosec audit preparation with AI-driven evidence verification.

• Key Features: Automates evidence verification, reduces auditor rejections, and enhances audit confidence.

Recent Developments

Recent Developments in the Company

• HITRUST Partnership: Expansion of partnership with HITRUST to integrate Thoropass compliance automation with HITRUST MyCSF assessments and certifications. Now an authorized MyCSF reseller, Thoropass provides a seamless solution from procurement to certification.

• AI Innovations: Launch of First Pass AI to improve audit preparation and reduce evidence collection cycle time using AI-driven verification.

• CREST Accreditation: Thoropass’s penetration testing services achieved CREST accreditation, enhancing the capability and reliability of their pentesting services globally.

• Compliance as a Service (CaaS): Introduction of a new offering for Managed Services Providers (MSPs) that streamlines compliance through third-party service integrations.

New Products and Features

• AI Pentesting: Launched AI Pentesting to address new security challenges tied to AI technologies and frameworks.

• London Office for EMEA Expansion: Establishment of a London office to serve as a base for hypergrowth in the EMEA region, supporting expanding global compliance needs.

New Partnerships

• DynamoFL Partnership: Partnership formed to pioneer application pentests for GenAI systems, enhancing solutions for emerging AI technologies in compliance.

Conclusion

Thoropass continues to be a pioneer in the compliance and audit space through innovative solutions and advanced technology integration. With their focus on streamlined processes, extensive partnerships, and continuous improvement, Thoropass positions itself as a leader in compliance automation and infosec audit services.