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Conveyor uses AI to automate the painful process of vendor security reviews and RFPs with AI
- Conveyor, a startup founded by Chas Ballew, uses AI to automate vendor security reviews and compliance processes, saving time for software vendors.
- The idea for Conveyor stemmed from the tedious and slow process of customer security approvals faced at Ballew's previous company, Aptible.
- Detailed questionnaires for security reviews often delayed sales, leading Ballew to create Conveyor to streamline the process.
- Conveyor leverages OpenAI's ChatGPT to power its AI-based product, allowing for faster completion of compliance forms.
- Customers of Conveyor, such as Zendesk, Atlassian, and Qualtrics, have embraced AI automation for security questionnaires.
- Conveyor's AI agent can autonomously complete over 90% of customer security questions accurately, saving time for customers.
- Building on its success, Conveyor is expanding into automating requests for proposals (RFPs), aiming to attract new customers outside the tech sector.
- The startup secured $20 million in Series B funding led by SignalFire, Oregon Venture Fund, and Cervin Ventures to support its expansion.
- Conveyor ensures data security by isolating each customer's information to maintain confidentiality and prevent data exposure.
- Other startups like Loopio, Responsive, and Rohirrim are also focusing on software solutions for RFPs and security questions.
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