/Companies

Conveyor

San Francisco, US · Founded 2021 · Delaware corporation · 6 known investors

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Conveyor automates customer security reviews, using a RAG-based AI engine to answer security questionnaires and handle SOC 2 requests. It serves security and sales teams looking to process security review requests at scale without adding headcount.

Also known as ConveyorAI

Founders & leadership

Conveyor was founded in 2021 by Chas Ballew.

CBChas Ballew
Chas BallewFounder · CEOCEO and founder of Conveyor, which builds AI software to automate customer security reviews and answer security questionnaires. He previously co-founded Aptible (acquired by Opti9), holds degrees from Princeton and Michigan Law, and served as an Army officer.
FM
Frank MacreeryNamed on SEC filing

Board

FC
Farinacci ChrisBoard director
MK
Matthew KinsellaInvestor & Board DirectorChief Executive Officer at Infleqtion
TPTony Pezzullo
Tony PezzulloBoard directorPrincipal at SignalFire
DKDaniel Karp
Daniel KarpBoard MemberPartner at Cervin Ventures

Investors · 6

Reported raises · per SEC filings

Form D private placements

$33.2M disclosed across 2 of 4 rounds · 2023–2025

▶$21MraisedJun 2025 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Farinacci ChrisDirector
  • Matthew KinsellaDirector
  • Charles BallewExecutive Officer, Director, Promoter
  • Tony PezzulloDirector
  • Daniel KarpDirector
Offering amount
$21M
Amount sold
$21M
First sale
May 2025
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$12.2MraisedOct 2023 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Frank MacreeryDirector
  • Charles BallewExecutive Officer, Director, Promoter
  • Daniel KarpDirector
  • Matthew KinsellaDirector
Offering amount
$12.5M
Amount sold
$12.2M
First sale
Sep 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Conveyor is a San Francisco-based software company that uses generative AI and large language models to automate customer trust workflows in enterprise sales, primarily third-party security reviews, security questionnaires and requests for proposal (RFPs). Its platform combines a self-service portal (Trust Center) through which prospects and customers can access a vendor's security documents and compliance FAQs, and a question-answering AI that interprets the structure of security questionnaires — including spreadsheets and online portals — and fills them in automatically, drawing on vendor-specific knowledge databases and returning the completed file in its original format. Customers can optionally sync engagement data with Salesforce, and responses the system is not confident about are flagged for human review.

The company markets its offering as an AI Agent Platform for Customer Trust, built around named agents. Sue automates end-to-end customer security reviews, handling questionnaires of up to 800 lines at a stated 95-97% accuracy and reducing review turnaround time by roughly 80-90%. Phil, launched alongside the Series B in June 2025, is positioned as an agent for RFP automation that researches requirements and drafts proposal responses. Rather than static content libraries, Conveyor describes its approach as an AI-managed knowledge graph of approved company security and compliance information that is reused and structured across interactions.

Conveyor's longer-term stated aim is an "AI-to-AI" trust layer in which a buyer's AI assistant can query a seller's Conveyor agent directly, with traceable answers and human oversight at a management layer.

Founding story

Conveyor originated inside Aptible, the DevOps/platform-as-a-service company that Chas Ballew co-founded with a college friend (dated 2013 in one account and 2014 in another). Many Aptible customers were subject to HIPAA and other compliance regimes, and Ballew observed that each time they sold to a large client they had to re-explain their security posture through custom questionnaires and compliance documentation, adding weeks or months to sales cycles. Conveyor began in 2021 as a free product add-on to the Aptible platform; as it gained adoption, including from larger companies that were not Aptible deployment customers, and as it became clear the buyer persona, go-to-market motion and vision differed from Aptible's engineering-team focus, the product was spun out as a separate company in 2021 with Ballew as founder and CEO.

Business model

Conveyor sells a software platform to vendor companies whose enterprise sales cycles are slowed by customer security reviews and RFPs. The product set comprises a Trust Center for self-service sharing of security documentation, AI agents that complete security questionnaires, and an agent that drafts RFP responses, with integrations into tools such as Salesforce.

Traction

As of the June 2025 Series B, Conveyor reported more than 480 customers, over 1 million questions answered by ConveyorAI, more than 800,000 Trust Center interactions and a 3x growth rate. Named customers include Atlassian, Zendesk, Qualtrics, Workday, DocuSign and Netflix. Zendesk's senior security manager of trust and assurance reported a 20% reduction in processing time and about 120 hours saved per month. In October 2023 the company reported over 100 customers and more than 20,000 security questionnaires completed.

Latest developments

On 12 June 2025 Conveyor announced its $20 million Series B led by SignalFire, debuted its AI Agent Platform for Customer Trust with the launch of Phil for RFP automation, and added Chris Farinacci to its board as an independent director.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Conveyor positions itself as the leader in an emerging "Customer Trust Automation" category and states that Sue was the industry's first end-to-end agent for customer security reviews and Phil the first AI agent dedicated to RFP automation. It contrasts its approach with legacy tools built around static content libraries and basic Trust Center automation. Several other companies apply LLMs to security review automation, including Vendict, Scrut (with its Kai tool), Y Combinator-backed Inventive and cybersecurity vendor Plurilock, which has experimented with ChatGPT for questionnaires.

The company attributes its differentiation to answer accuracy and quality, a modular system with guardrails and quality assurance, deep enterprise integration, and the reusable structured knowledge graph that accumulates customer trust data over time, rather than matching previous answers from a static library.

Technology

The platform is built on large language models, including models from OpenAI and others, layered with vendor-specific knowledge databases and what the company describes as a living, AI-managed knowledge graph of approved security data. It parses questionnaire structures across file formats and web portals, produces natural-language answers in the original format, and applies modular guardrails and quality-assurance steps, flagging low-confidence answers for human review. The current generation is packaged as autonomous, multi-step agents that operate across multiple tools.

Go-to-market

Conveyor sells directly to enterprise accounts, having established a distinct go-to-market motion when it separated from Aptible's engineering-team audience. Proceeds from the Series A were directed at sales and marketing expansion and R&D, and the Series B is intended to scale AI research and engineering teams and expand go-to-market initiatives. The company also publishes research such as its 2024 State of Security Review report.

B2B software and SaaS vendors, in particular the security, compliance, customer trust, sales and RevOps teams within larger enterprise technology organizations; the company's investor notes its focus on large, sophisticated technology organizations rather than SMB or prosumer users.

Geography

Headquartered in San Francisco, California.

History

Conveyor started as an experimental product within Aptible and was spun out in 2021. In October 2023 the company announced a $12.5 million Series A led by Cervin Ventures, bringing total funding to $19 million; at that time it had a 15-person workforce, more than 100 customers and over 20,000 security questionnaires completed through the platform. In June 2025 it announced a $20 million Series B led by SignalFire with participation from Oregon Venture Fund and Cervin Ventures, taking total funding to $40 million, and concurrently launched its AI Agent Platform for Customer Trust including the Phil RFP agent. Chris Farinacci, former COO of Asana and former CMO of Google Cloud, joined the board as an independent member at that time.

Risks & controversies

Press coverage of the Series A raised questions about whether AI-generated questionnaire responses satisfy the intent of security reviews, which are meant to gather answers from IT and security stakeholders, and noted general LLM reliability risks such as omissions or fabricated content. The company said low-confidence answers are flagged for human review but did not detail how confidence is determined.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
CustomersJun 2025480
Growth rateJun 20253x
HeadcountOct 202315 employees
Questionnaire answer accuracyJun 202595-97% without human intervention
Questions answered by ConveyorAIJun 20251,000,000
Reduction in security review turnaround timeJun 202580%
Security questionnaires completed via platformOct 202320,000
Total funding raisedJun 2025$40M
Trust Center interactionsJun 2025800,000

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

3 people who came through Conveyor went on to found or lead other companies.

Related companies · 8

ResponsiveResponsive builds an AI-powered Strategic Response Management (SRM) platform that helps organizations respond to RFPs, RFXs, security questionnaires, and other inquiries. Originally launched as RFPIO, it serves nearly 2,000 customers, including over 20 percent of the Fortune 500.
Inventive AIInventive AI provides software that automates RFP response generation for sales teams using AI agents trained on a company's existing documentation and knowledge systems. The platform integrates with CRMs and collaboration tools to enable faster, consistent proposal creation and improve win rates.
SifthubSiftHub is an AI-powered platform that automates the RFP and bid/proposal workflow — from intake and bid/no-bid decisions through drafting, review, and submission. It offers one-click autofill across Word, Excel, and browser portals, auto-assigns tasks, and coordinates bid managers, subject-matter experts, legal, and InfoSec teams in one workspace.
LoopioLoopio offers AI-powered response software that automates and manages due diligence questionnaires (DDQs), RFPs, and security questionnaires with centralized content libraries, audit trails, and approval workflows. It serves investor relations, compliance, and legal teams at investment firms and fund managers responding to institutional investor due diligence.
IrisIris is an AI RFP tool that generates sourced, first-draft responses to RFPs, RFQs, RFIs, security questionnaires, and DDQs from a company's knowledge base, with source citations, confidence scores, and project management features. It is aimed at sales and proposal teams to reduce response times and improve win rates.
1up1up provides an AI-powered sales platform that answers customer questions and delivers accurate information to go-to-market teams in real time. The product is used by sales teams across various industries to accelerate their sales processes.
ArphieArphie provides an AI engine that helps security and GRC teams complete SIG, CAIQ, vendor assessments, and custom security questionnaires, drawing answers from a company's policies, controls, and audit evidence. It connects to sources like SharePoint, Confluence, and Google Drive, and supports collaboration, answer sourcing, and data governance for enterprise security and compliance workflows.
AnthropicAnthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems. The company conducts frontier AI research, applies safety techniques, and deploys systems through products and partnerships.

Companies working in the same space as Conveyor.

Timeline · 4

launches, deals, and filings
Jun 2025
Conveyor raises $20M Series B led by SignalFire

Conveyor announced a $20 million Series B led by SignalFire with participation from Oregon Venture Fund and Cervin Ventures, bringing total funding to $40 million; proceeds are earmarked for AI research and engineering hiring and go-to-market expansion.

$20M source ↗

Jun 2025
Chris Farinacci joins board as independent member

Chris Farinacci, former COO of Asana and former CMO of Google Cloud, joined Conveyor's board as an independent board member concurrent with the Series B.

source ↗

Jun 2025
Launch of AI Agent Platform for Customer Trust and Phil, an RFP automation agent

Conveyor debuted its AI Agent Platform for Customer Trust, including Phil, an AI agent that autonomously researches RFP requirements and drafts proposal responses, alongside its existing security review agent Sue.

source ↗

Oct 2023
Conveyor raises $12.5M Series A led by Cervin Ventures

Conveyor announced a $12.5 million Series A led by Cervin Ventures, bringing total funding to $19 million, to be used for sales and marketing, R&D and growing its 15-person team.

$12.5M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Conveyor do?
Conveyor builds AI agents that automate B2B customer security reviews, questionnaires and RFP responses.
Who founded Conveyor?
Conveyor was founded by Chas Ballew in 2021.
Who are Conveyor's investors?
Conveyor's investors include Alumni Ventures, Cervin, Oregon Venture Fund, SignalFire, CERVIN VENTURES, Maverick Ventures.
How much funding has Conveyor raised?
Conveyor has disclosed $33.2M raised across 2 of its 4 known rounds.
Where is Conveyor headquartered?
Conveyor is headquartered in San Francisco, US.