Management Platform

• The global Artificial Intelligence Trust, Risk and Security Management (AI TRiSM) market is projected to grow from USD 3.20 billion in 2025 to USD 20.66 billion by 2035. • This growth represents a compound annual growth rate (CAGR) of 20.5% over the forecast period. • The surge in adoption is primarily driven by the need for governance platforms to ensure compliance with the EU AI Act's strict regulatory obligations.

• Cogent Security, a vulnerability management developer, secured $42 million in Series A funding in February 2026 at a post-money valuation of $295 million. • Bain Capital Ventures led the round with participation from OpenAI, Datadog, and existing investor Greylock Partners, bringing the company's total capital raised to $53 million since its seed round. • The investment reflects growing enterprise demand for AI-powered vulnerability management tools as organizations prioritize cybersecurity infrastructure upgrades.

• Edmonton-born startup Smart Access raised $12 million in Series A funding from Bay Area investors Lobby Capital, Aspenwood Ventures, and Coelius Capital to expand its digital workforce management platform. • The company, co-founded by Tim Regnier and John White, helps large distribution operations optimize training, safety programs, and adherence to standard operating procedures across their workforce. • Smart Access, which relocated its operating base to San Francisco while maintaining Edmonton roots since its 2015 founding, plans to scale deployments across North America using the new capital.