TrustLayer

TrustLayer

SaaS platform automates vendor risk verification

Overview

TrustLayer provides a SaaS platform that automates the verification of insurance, licenses, and other compliance documents to manage third-party risk. It uses robotic process automation and AI to collect, track, and verify documents like COIs and W9s, replacing manual, paper-based processes. The platform offers a centralized dashboard with real-time verification, automated document collection, customizable compliance rules, and a vendor portal, scaled by the number of vendors through Starter, Pro, and Complete plans. Its goal is to reduce administrative workload and compliance risk while increasing trust and transparency between businesses and their partners, supported by a network of insurers and SOC 2 Type II security.

About TrustLayer

Simplify's Rating
Why TrustLayer is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Financial Services

Company Size

51-200

Company Stage

Early VC

Total Funding

$22M

Headquarters

San Francisco, California

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnerships with Heffernan, Acrisure, and PolicyReview expand customer access.
  • Network of 298,810 companies processes 400,000+ COIs monthly for scale.
  • SOC 2 Type II compliance attracts enterprises in construction and real estate.

What critics are saying

  • Next Insurance bundles free COI tools, causing 50-70% churn in 6-12 months.
  • Scandr's AI outperforms TrustLayer's RPA, losing construction share in 12-18 months.
  • Travelers APIs bypass TrustLayer by 2027, eliminating intermediary fees.

What makes TrustLayer unique

  • TrustLayer automates COI verification using RPA and AI against carrier databases.
  • Pulse network enables real-time policy validation from insurance sources.
  • Centralized dashboard supports collaboration across vendors, brokers, and carriers.

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Funding

Total Funding

$22M

Meets

Industry Average

Funded Over

5 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

-5%
Policy Reviews
Mar 24th, 2026
PolicyReview partners with TrustLayer.

PolicyReview partners with TrustLayer. Today, PolicyReview is excited to announce that PolicyReview has partnered with TrustLayer to bring industry-leading policy analysis to their customers. When PolicyReview founded PolicyReview, its mission was simple - help businesses understand what's actually in their insurance policies. PolicyReview believed that every business owner deserved to know what they were paying for, without needing a law degree or paying hundreds of dollars for professional review. This partnership extends that mission to a whole new audience. Why TrustLayer? For those who don't know, TrustLayer is the industry leader in third-party risk management. They've built a platform that thousands of companies use to track, verify, and manage the insurance and compliance of their vendors, contractors, and partners. The fit here is natural. TrustLayer helps companies verify that their third parties have insurance. PolicyReview helps everyone understand what that insurance actually covers. Together, PolicyReview can provide a complete picture - not just "do they have coverage?" but "is that coverage actually adequate?" How this partnership came about. TrustLayer's customers had been asking about a service like PolicyReview for some time. They could verify that a vendor had a certificate of insurance, but understanding the actual coverage - the exclusions, the endorsements, the gaps - remained a challenge. When TrustLayer reached out to PolicyReview, PolicyReview immediately recognized the alignment. Its vision and brand matched. Its commitment to clarity in commercial insurance matched. And their desire to provide industry-leading analysis to their clients matched exactly what PolicyReview'd built PolicyReview to deliver. Sometimes partnerships just make sense. This is one of those times. What this means for TrustLayer customers. If you're a TrustLayer customer, you now have access to PolicyReview's AI-powered policy analysis at a special rate. Reach out to your TrustLayer representative for a promo code that unlocks discounted access to its platform. You'll be able to: - Upload commercial insurance policies and get comprehensive analysis in minutes - Identify coverage gaps before they become claim denials - Understand exclusions and endorsements in plain English - Make informed decisions about vendor and contractor coverage adequacy What this means for PolicyReview users. For existing PolicyReview users, nothing changes. You'll continue to use PolicyReview exactly as you do today. This partnership expands its reach but doesn't change its commitment to making insurance understandable for everyone. Looking ahead. PolicyReview is just getting started. This partnership opens doors to deeper integration between its platforms and new ways to bring clarity to commercial insurance. PolicyReview'll have more to share in the coming months. For now, PolicyReview is focused on delivering the same quality analysis its users have come to expect - now available to TrustLayer's impressive customer base. TrustLayer customers: contact your TrustLayer representative for your PolicyReview promo code. Don Halliwell and Aaron Reese are the co-founders of PolicyReview. Ready to understand your coverage? Upload your policy and get a clear report in under three minutes.

Coverager
Jul 30th, 2023
Heffernan Insurance Expands Partnership With Trustlayer

Heffernan Insurance <i class="fa fa-info-circle company-popover" data-content="h3Heffernan Insurance/h3. div. table

World City Press
Jul 11th, 2023
Heffernan Insurance Brokers expands partnership with TrustLayer to automate Insurance verification for customers

Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States announced a partnership with TrustLayer, to allow customers to access TrustLayer's artificial intelligence (AI)-powered collaborative risk management platform.

PR Newswire
Jun 30th, 2023
Heffernan Insurance Brokers Expands Partnership With Trustlayer To Automate Insurance Verification For Customers

WALNUT CREEK, Calif., June 30, 2023 /PRNewswire/ -- Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States announced a partnership with TrustLayer, to allow customers to access TrustLayer's artificial intelligence (AI)-powered collaborative risk management platform.TrustLayer will enable faster and more efficient proof of insurance verification and help Heffernan customers better manage their risk by using its innovative digital solution. Virtually every business struggles with insurance verification. For those who do it well, the administrative burden is high — with manual processes and millions of static documents changing hands across the U.S. Unfortunately, for those who don't manage these processes well, the risk is astronomical, with studies showing that 75 percent of vendors are underinsured. TrustLayer uses robotic process automation (RPA) and Artificial Intelligence to automate this process securely, so companies can automatically verify the insurance and licenses of their vendors, suppliers, borrowers, and tenants. Further TrustLayer is building connectivity to systems of record to allow for truly validating whether coverage is in force."Our focus at TrustLayer is to help relieve risk management pain points and reduce friction for businesses across the entire economy

Business Wire
Nov 18th, 2022
Suffolk Technologies “Boost” Accelerator Program Hosts Demo Day For Startups Dedicated To Reimagining The Built World

John Fish, Suffolk Chairman & CEO, spoke to the crowd about the need for innovation in the construction industry (Photo: Business Wire). John Fish, Suffolk Chairman & CEO, spoke to the crowd about the need for innovation in the construction industry (Photo: Business Wire)

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