Vendor security assessment company Whistic on Tuesday announced that it has raised $35 million in Series B funding, which brings the total investment in the company to $51 million.
The new funding round was led by JMI Equity, with participation from Album VC, Emergence Capital, Forgepoint Capital, and FJ Labs.
Founded in 2015, Whistic assesses vendor security and then makes that information available to organizations looking to make informed decisions.
Whistic says its Vendor Security Network, which already has more than 40,000 profiles that organizations can access on demand, increases trust and transparency.
“Trust and transparency are paramount in today’s business environment, and there is a critical need for a new approach to vendor security,” Whistic CEO Nick Sorensen said. “This investment from JMI allows us to accelerate our ability to continue solving urgent problems for our global customer base and we couldn’t be more excited for the future.”