November 9, 2023 at 07:36AM
Risk Ledger, a British supply chain risk management firm, has raised £6.25 million in Series A funding, bringing its total funding to £9.8 million. The London-based company provides a collaborative platform for organizations to identify, visualize, and mitigate supply chain security risks in real-time. The funding will be used to advance product development and strengthen partnerships in key industries.
Risk Ledger, a British supply chain risk management firm, has recently raised £6.25 million ($7.65 million) in Series A funding. With this funding round, the company has raised a total of £9.8 million ($12 million) since its founding in 2018.
Risk Ledger offers organizations a collaborative platform to identify, visualize, and mitigate supply chain security risks in real-time, helping prevent cyberattacks. It can be used by both clients and suppliers, allowing them to share a single profile of their controls across 12 security areas.
The company’s goal is to create a global network of interconnected organizations that collaborate and exchange information to detect, respond to, and prevent cyberattacks in real-time. By doing so, organizations can gain a comprehensive view of their supply chain ecosystem, identifying relationships, interdependencies, single points of failure, and concentration risks.
Risk Ledger’s platform provides more accurate real-time data, enabling organizations to make better-informed decisions and prevent supply chain threats. The company’s solution is already utilized by organizations in critical national infrastructure, financial, and public sectors.
With the new investment, Risk Ledger plans to advance product development and strengthen partnerships within key industries. CEO and co-founder Haydn Brooks highlighted the company’s unique ability to map relationships and interdependencies in the supply chain, aiding organizations in understanding their position within their own supplier ecosystem and the potential impact of incidents.
In other related news, Myrror Security has emerged from stealth mode with $6 million in funding, FusionAuth has secured $65 million for its customer identity tech, SIEM and log management provider Graylog has raised $39 million, and Blockaid has garnered $33 million in investment.