British supply chain risk management firm Risk Ledger on Tuesday announced that it has raised £6.25 million (approximately $7.65 million) in Series A funding, which brings the total raised by the company to £9.8 million (roughly $12 million).
Founded in 2018, the London-based company provides organizations with a collaborative platform to help them identify, visualize, and mitigate supply chain security risks and prevent attacks in real-time.
The solution can be used both as client and as supplier, allowing companies to share with their connections a single profile of their controls across 12 security areas.
The company is aiming to build a global network of connected organizations that collaborate and exchange information to detect, respond to, and prevent cyberattacks in real-time.
According to Risk Ledger, this approach enables organizations to visualize the entire supply chain ecosystem and uncover relationships and interdependencies beyond direct third-party connections, along with single points of failure and concentration risks.
The platform, the company says, delivers more accurate real-time data, so that organizations can make better informed decisions and prevent supply chain threats.
Risk Ledger says its solution is already used by organizations in critical national infrastructure, financial, and public sectors.
The new investment will allow Risk Ledger to advance product development and deepen partnerships within key industries.
“The unique ability of Risk Ledger to map relationships and interdependencies in the supply chain allows organizations to understand where they sit within their own supplier ecosystem and how different incidents may impact their organization given those interdependencies,” Risk Ledger CEO and co-founder Haydn Brooks said.