AI Startup Workstreet Receives Investment From Coalesce Capital

The company will use the investment to expand its operations and accelerate product development.

Workstreet provides AI-powered cybersecurity and compliance services for fast-growing businesses in regulated industries around the world. Its platform combines AI with experienced cybersecurity and compliance experts to help companies stay secure and meet industry requirements.

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The company offers governance, risk and compliance (GRC) services across more than 35 compliance frameworks, including SOC, ISO, FedRAMP, and CMMC. It also provides security services such as vCISO, penetration testing, vulnerability management and privacy support.

With support from Coalesce Capital, Workstreet plans to invest in its team, technology and market expansion to strengthen its position as a trusted cybersecurity, and compliance partner for growing global businesses.

"We built Workstreet to take the burden of security and compliance off the plates of fast-growing companies so they can focus on their core business," said Romeen Sheth, Co-Founder and CEO of Workstreet. "Coalesce has a deep understanding of the cybersecurity and GRC market and what makes technology-enabled businesses successful. They share our conviction that the combination of expert people and modern AI-based technology is what sets us apart.

"The cybersecurity landscape is constantly evolving. Keeping pace with expanding compliance frameworks and security and privacy requirements demands significant internal resources that most growing companies would rather devote to their core business," said Stephanie Geveda, Founder & Managing Partner at Coalesce Capital.

"Our thesis centers on next-generation, technology-enabled services businesses that solve mission-critical problems for their customers through a differentiated business model," added Austin Heiman, Managing Director at Coalesce Capital. "Workstreet sits at the intersection of accelerating demand for security and compliance and the emergence of AI as a force multiplier for expert services.

About Workstreet

Founded in 2023, by Romeen Sheth, Travis Good, and Ryan Rich, Workstreet is an AI powered cybersecurity and compliance company that helps businesses build and manage security and compliance programs as they grow. The company provides compliance, cybersecurity and privacy services and works with more than 1,000 customers to help them improve security while supporting business growth.

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