TrustWorks

trustworks.io ↗ ·Valencia ·Seed

TrustWorks is a European privacy management and AI governance SaaS platform that helps privacy, legal, IT and security teams automate data mapping/RoPA, DSARs, privacy and AI risk assessments, vendor management and EU AI Act compliance. Founded in 2020 as QueryLayer and later rebranded, it is headquartered in Valencia, Spain with additional offices in Dublin and São Paulo, and counts Randstad, Westinghouse, VTEX, Glovo, Luno, Fenergo, TravelPerk and Flywire among its customers. It won 'Most Impactful Data Privacy Product' at the PICCASO Awards and a Google Cloud AI Innovation Award; it has raised roughly $6M total, including a €2M seed led by Nauta Capital (2021) and a follow-on round led by Elkstone announced in August 2025.

Founded

2020

Founders

Total funds raised

€2M+

SectorsPrivacy Tech, AI Governance, GRC / Compliance, Enterprise SaaS, Cybersecurity Start-up MapCybersecurity › Enterprise cyber risk & compliance

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Founders

Krzysztof Szypillo

Co-Founder & Chief Product Officer

Pádraig O'Leary

Co-Founder & CEO

Global models 5

OneTrust

United States · www.onetrust.com ↗

Sells privacy management and AI governance SaaS to privacy, legal and security teams, covering data mapping/RoPA, DSARs, assessments, vendor risk and AI Act compliance, the same product suite TrustWorks sells.

$1.2BComparable

BigID

United States · bigid.com ↗

Sells data discovery SaaS that automates data mapping, DSAR fulfilment, privacy assessments and AI data governance to enterprise privacy and security teams.

$320MComparable

Securiti

United States · securiti.ai ↗

Sells an enterprise SaaS platform that automates privacy operations (RoPA, DSARs, assessments, vendor risk) plus AI governance to privacy, legal and security buyers.

$156MComparable

Transcend

United States · transcend.io ↗

Sells privacy SaaS that automates data mapping, DSARs, consent and privacy assessments, with AI governance, to in-house privacy and engineering teams.

$90MComparable

DataGrail

United States · www.datagrail.io ↗

Sells privacy management SaaS for automated data mapping, DSAR handling, risk assessments and AI governance to mid-market and enterprise privacy teams.

$84MComparable

In the same niche 4 others

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Notes: Most funded first

Investors 4

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Nauta Capital

www.nautacapital.com

2 rounds, led 1 · 2021–25 Spain

Seedcamp

seedcamp.com

2 rounds · 2021 United Kingdom

Elkstone Ventures

www.elkstone.com ↗

Led Seed 2025 Ireland

Martin Henk

2 rounds · 2021 Estonia

Funding rounds 3

Date	Round	Amount	Lead
2025-08-26	Seed	—	Elkstone +1 more
2021-12-13	Seed	€2M	Nauta Capital +2 more
—	Pre-seed	—	Lead not disclosed +2 more

News 3

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Published	Article
2025-10-12	Pádraig O'Leary (TrustWorks): the role of context, built-in know-how, and AI in Privacy Tech ↗ Masters of Privacy 2025-10-12
2025-08-26	TrustWorks raises new funding led by Elkstone Ventures ↗ Nauta Capital 2025-08-26
2024-11-13	PICCASO Awards Europe 2024 Celebrates Industry Leaders in Data, Privacy, and Information Security Excellence ↗ PICCASO Awards 2024-11-13