London-based Risk Ledger has secured £24M in Series B funding led by Axiom Equity, bringing its total funding to £33.8M. The firm provides supply chain cyber risk management solutions for organizations.
Risk Ledger has built a collaborative platform designed to help organizations identify and manage cyber risks across their supply chains. The funding round reflects growing demand for supply chain security tools as businesses face increasing threats from third-party vulnerabilities.
Supply chain attacks have become a critical concern for enterprises, with attackers increasingly targeting less-protected vendors and partners to gain access to larger organizations. Risk Ledger's platform addresses this by enabling companies to assess and monitor the security posture of their suppliers and partners.
The Series B round follows earlier investment stages that brought the firm's total capital raised to £33.8M. The fresh capital will likely support product development and market expansion across its customer base of organizations managing complex supply chains.
Risk Ledger joins a growing number of cybersecurity firms focused on supply chain risk management, a segment gaining prominence as regulatory requirements and business imperatives drive investment in third-party security oversight.
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