CISO Tribune

Vendor comparison · 2 companies

Third Wave Innovations vs Thoropass

Third Wave Innovations helps growing businesses understand cyber risk, reduce exposure, stay insurable, and recover when something goes wrong. Thoropass is a licensed auditor that delivers audits, supported by purpose built software. CISO Tribune files both under Third-party risk and security ratings. This page sets the two records side by side: what each sells, where it is based, who owns and funds it, the customers it names and its recent news, each fact numbered to its source.

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  • Third Wave Innovations
  • Thoropass
Third Wave Innovations vs Thoropass: Products, Customers and Funding Compared
Third Wave InnovationsThird Wave Innovations helps growing businesses understand cyber risk, reduce exposure, stay insurable, and recover when something goes wrong.3rdwave.ioThoropassThoropass is a licensed auditor that delivers audits, supported by purpose built software.thoropass.com
What it sells
  • Security Awareness Training[1][5]Training that builds employee cyber knowledge and meets compliance training requirements.
  • Audit Lifecycle Platform[4][6][11][17][18]A centralized system that manages the audit process from readiness through final reporting.
  • First Pass[11]AI-powered evidence review that runs before evidence reaches the auditor.
  • Smart Sort[11][12][17]Analyzes incoming evidence and maps it to the appropriate audit requirement.
  • Thoropass MCP ServerLets customers use the Audit Lifecycle Platform from AI tools such as Claude or ChatGPT.
  • Thoropass Risk Register[5][16]Reviews and mitigates risk in the same platform used for readiness and audit.
  • Thoropass Trust Center[14]A public-facing portal that shows a customer's compliance posture.
Categories
Headquarters
Not stated on its pagesNew York, United States[3]
Founded
Not stated on its pages2019[2][3]
Ownership and funding
Not stated on its pagesNot stated on its pages
Named customers
Not stated on its pagesNot stated on its pages
Recent news
Not stated on its pages
  • July 9, 2026Thoropass launched an MCP server that lets customers connect their organizations' AI agents with its Audit Lifecycle Platform.[18]
  • January 29, 2026Thoropass launched Smart Sort AI, a feature in its Audit Lifecycle Platform that turns exports from any GRC tool into audit-ready evidence.[17]
G2 and Gartner Peer Insights
  • G2: Not stated on its pages
  • Gartner Peer Insights: Not stated on its pages
  • G2: listed, seen November 4, 2026[10]
  • Gartner Peer Insights: Not stated on its pages
Who it fits
From its own pages, Third Wave Innovations sells mainly to growing businesses, including small and midsized organizations without a full security team. The pages describe customers such as a mid-sized technology company operating in the healthcare space, a services-based organization, and a manufacturing company. Third Wave Innovations aligns security controls with what insurers expect, so organizations that want to maintain cyber insurance coverage and pass underwriting are part of its audience. Security Awareness Training addresses the training requirements of compliance standards including SOC2, PCI DSS, and HIPAA. Automated Detection & Response works with existing tools for network, identity, cloud, endpoint, and office productivity.From its own pages, Thoropass sells mainly to organizations pursuing audits and certifications such as SOC 2, ISO 27001, PCI DSS and HIPAA. Thoropass says it serves organizations getting started on a first framework and those looking to maintain a compliance program. Companies with multiple products or environments can organize evidence and controls in the platform. Its pages address healthcare organizations that need HIPAA compliance. Organizations with unique industry or internal frameworks can manage them directly in Thoropass.
Last verified
October 19, 2026November 2, 2026

Where they overlap

  • Third Wave Innovations and Thoropass are both filed under Third-party risk and security ratings.

Where they differ, field by field

  • Third Wave Innovations's primary category is MDR and managed SOC; Thoropass's is Compliance automation.
  • Third Wave Innovations is also filed under Security awareness training and Vulnerability management.
  • Third Wave Innovations lists Security Awareness Training. Thoropass lists Audit Lifecycle Platform, First Pass, Smart Sort, Thoropass MCP Server, Thoropass Risk Register and 1 more.
  • Thoropass is headquartered in New York, United States.
  • Thoropass was founded in 2019.

What it sells: Third Wave Innovations

What Security Awareness Training does[1][5]
Security Awareness Training offers a library of over 200 short videos available in multiple languages. It includes customizable phishing simulations and pre-designed courses with dashboards and reports for tracking employee progress. It addresses training requirements of compliance standards including SOC2, PCI DSS, and HIPAA.

What it sells: Thoropass

What Audit Lifecycle Platform does[4][6][11][17][18]
The Thoropass Audit Lifecycle Platform combines AI-powered workflow automation, evidence collection, control management and auditor collaboration in one place. The platform is designed to replace fragmented tools like spreadsheets and email chains.
What First Pass does[11]
First Pass checks evidence for common issues such as missing information, inconsistencies and timing problems before it reaches the auditor. It is meant to help teams reduce rework and improve audit readiness.
What Smart Sort does[11][12][17]
Smart Sort analyzes incoming evidence from external systems and maps it to the appropriate audit requirement. It is currently available for customers pursuing SOC 2 Type I or Type II audit cycles.
What Thoropass Risk Register does[5][16]
With the Thoropass Risk Register, customers review and mitigate risk in the same platform they use for compliance readiness and the audit process. The risk dashboard can be set up in a flexible 4×4 or 5×5 risk configuration. Risks are linked back to relevant controls.
What Thoropass Trust Center does[14]
The Thoropass Trust Center is available to all customers as a public-facing portal that shows a customer's compliance posture. Customers control visibility with NDA gating and access requests.

Questions about Third Wave Innovations and Thoropass

What do Third Wave Innovations and Thoropass sell?
Third Wave Innovations sells Security Awareness Training. Thoropass sells Audit Lifecycle Platform, First Pass, Smart Sort, Thoropass MCP Server, Thoropass Risk Register and 1 more.
Are Third Wave Innovations and Thoropass in the same category?
They share Third-party risk and security ratings. Third Wave Innovations's primary category is MDR and managed SOC and Thoropass's is Compliance automation.
Where are Third Wave Innovations and Thoropass headquartered?
Thoropass is headquartered in New York, United States.
When were Third Wave Innovations and Thoropass founded?
Thoropass was founded in 2019.
Who are Third Wave Innovations and Thoropass sold to?
From its own pages, Third Wave Innovations sells mainly to growing businesses, including small and midsized organizations without a full security team. From its own pages, Thoropass sells mainly to organizations pursuing audits and certifications such as SOC 2, ISO 27001, PCI DSS and HIPAA.
What have Third Wave Innovations and Thoropass announced recently?
July 9, 2026: Thoropass launched an MCP server that lets customers connect their organizations' AI agents with its Audit Lifecycle Platform.

About Third Wave Innovations

Third Wave Innovations helps growing businesses understand cyber risk, reduce exposure, stay insurable, and recover when something goes wrong. Third Wave Innovations was founded in 2017. Third Wave Innovations helps small and midsized organizations build a security capability without having to build an entire security organization themselves. Third Wave Innovations connects cybersecurity, continuous monitoring, risk management, response, and cyber insurance readiness.

Third Wave Innovations says most businesses don’t have a clear picture of their cyber risk. Third Wave Innovations offers protection designed for growing businesses without a full security team.[1][3]

Third Wave Innovations identifies the gaps attackers could exploit and helps fix them before they become real problems. Third Wave Innovations implemented attack surface monitoring to identify and continuously track external exposures across assets and applications. Third Wave Innovations deployed Cyber Risk Management capabilities to provide continuous visibility into vulnerabilities, threats, and exposures.[3][4]

Third Wave Innovations offers Automated Detection & Response. Automated Detection & Response works with existing tools for network, identity, cloud, endpoint, and office productivity. Every alert from Automated Detection & Response includes a record of what happened, why, and how it was resolved. Automated Detection & Response includes executive dashboards that summarize key performance and incident trends.[3]

Third Wave Innovations implemented MDR for continuous monitoring, rapid detection, and response. Third Wave Innovations deployed MDR to provide 24/7 monitoring, automated containment, and verified response actions. Third Wave Innovations integrated monitoring across Microsoft 365, identity systems, and endpoint controls without replacing existing tools. Third Wave Innovations conducted a HIPAA-focused compliance readiness review that translated regulatory requirements into operational controls and workflows.[4]

Third Wave Innovations sells Security Awareness Training to build employee cyber knowledge and meet compliance training requirements. Security Awareness Training offers a regularly-refreshed library of over 200 short videos available in multiple languages. Security Awareness Training teaches employees the signs of phishing tactics such as email scams, fraudulent messages, invoice change requests, and gift card requests. Security Awareness Training includes customizable simulations that test employees’ ability to identify and report phishing emails from their inboxes. Security Awareness Training provides pre-designed courses and dashboards and reports for tracking employee progress. Security Awareness Training addresses the cybersecurity training requirements of compliance standards, including SOC2, PCI DSS, and HIPAA. Third Wave Innovations integrates training into its cyber risk program so human security risks and other cyber threats are managed in one unified platform.[1][3][4][5]

Third Wave Innovations on the record

Sources

Third Wave Innovations full record

  1. [1]3rdwave.ioThird Wave Innovations · 3rdwave.io · undated page, accessed October 19, 2026 · Tier A
  2. [2]About Us | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  3. [3]Home | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  4. [4]Case Studies | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  5. [5]Security Awareness Training | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A

Thoropass full record

  1. [1]Readiness and audit in one compliance automation platform - ThoropassThoropass · undated page, accessed September 27, 2026 · Tier A
  2. [2]Thoropass ceo sam li honored by goldman sachs for entrepreneurship excellenceThoropass · thoropass.com · published October 17, 2024 · Tier A
  3. [3]6001423004Thoropass · job-boards.greenhouse.io · undated page, accessed September 27, 2026 · Tier A
  4. [4]AI-powered, expert-led | ThoropassThoropass · undated page, accessed October 29, 2026 · Tier A
  5. [5]The only all-in-one solution for infosec compliance and audits - ThoropassThoropass · undated page, accessed October 29, 2026 · Tier A
  6. [6]Audit Lifecycle Platform | ThoropassThoropass · undated page, accessed October 29, 2026 · Tier A
  7. [7]Augment your experience with service partners - ThoropassThoropass · undated page, accessed October 29, 2026 · Tier A
  8. [8]Save time and money with AWS and Thoropass - ThoropassThoropass · undated page, accessed October 29, 2026 · Tier A
  9. [9]Integrations that streamline your compliance journey - ThoropassThoropass · undated page, accessed October 29, 2026 · Tier A
  10. [10]Thoropass Reviews 2026: Details, Pricing, & FeaturesG2 · undated page, accessed October 29, 2026 · Tier C
  11. [11]AI-Native IT Audits | Thoropass Audit Lifecycle PlatformThoropass · undated page, accessed November 4, 2026 · Tier A
  12. [12]Smart Sort AI: Automated Evidence Mapping | ThoropassThoropass · undated page, accessed November 4, 2026 · Tier A
  13. [13]Thoropass leading the charge on AI-powered technology - ThoropassThoropass · undated page, accessed November 4, 2026 · Tier A
  14. [14]Product Updates - ThoropassThoropass · undated page, accessed November 4, 2026 · Tier A
  15. [15]Thoropass vs. Traditional Audit Firms: A Smarter Way to Compliance | ThoropassThoropass · undated page, accessed November 4, 2026 · Tier A
  16. [16]Efficiently track, analyze, and mitigate risk in one, central platform - ThoropassThoropass · undated page, accessed November 4, 2026 · Tier A
  17. [17]Thoropass Launches Smart Sort AI to Turn Any GRC Export Into Audit-Ready EvidenceThoropass · published January 29, 2026 · Tier A
  18. [18]Thoropass Launches MCP Server to Further Streamline AI-native Audit CapabilitiesThoropass · published July 9, 2026 · Tier A

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