Risk Ledger Raises New Funding To Target US Cyber Security Market

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The recent cyber attack on Tata Electronics, which exposed data from customers like Apple and Tesla, highlights critical supply chain vulnerabilities. London-based Risk Ledger, a firm dedicated to mitigating these risks, has announced a £24 million Series B funding round. The company helps organizations analyze and defend against cyber impacts across their supplier ecosystems by mapping networks and sharing real-time security insights. This funding will fuel an aggressive push into the US market and further investment in AI-driven technology. Risk Ledger's unique approach fosters collaborative defense, building an extensive network of over 16,000 organizations, providing a significant competitive advantage in the growing cybersecurity market. When Tata Electronics suffered a devastating cyber attack last month, it wasn’t only the Indian company that was exposed. The attackers also claimed to have obtained the trade secrets of several Tata customers – including both Tesla and Apple. The incident is yet another warning for businesses that their supply chains represent a significant potential cyber security vulnerability. London-based scale-up Risk Ledger has been sounding that alert since its launch seven years ago – and has built an increasingly successful business trying to help customers mitigate supply chain risk. Today, the company is announcing a £24 million Series B funding round as it makes an aggressive push into the US market. “The premise of our business is that we want to help organizations understand the risks within their supplier ecosystems, and then collaborate in a way that enables them to defend against negative cyber impacts,” explains Haydn Brooks, the CEO and co-founder of Risk Ledger. “It’s all about helping organizations analyze the security of every other organization they interface with – from the cleaner who has access to their offices to the cloud computing company hosting their platforms.” I first interviewed Brooks – an alumni of Forbes’ 30 Under 30 report – in 2023, as the company unveiled a £6.25 million Series A round. Three years later, the company has quadrupled its revenues, tripled its headcount and opened its first offices in the US. In the UK, its home market, significant customers include a number of government agencies and departments, as well as businesses in industries such as critical infrastructure and financial services. Risk Ledger’s approach is to build comprehensive maps of organizations’ supply chain networks. Each time it acquires a new customer, it asks all its current and prospective suppliers to join the company’s platform, and to share a real-time picture of their cyber security maturity and risk exposures. That gives the business access to one of the most complete and extensive pictures of supply chain ecosystem risk; it then uses a range of tools, including artificial intelligence applications, to analyze and monitor that risk. It can advise customers of specific vulnerabilities posed by any single supplier in their ecosystem – and alert customers to an emerging risk before disaster strikes. “When we started Risk Ledger, third-party risk was something every company managed on its own and collaboration across supplier ecosystems within sectors was rare,” explains Brooks. “We built the company on one conviction: organizations are stronger when they defend as one, sharing intelligence and reducing risk together rather than in isolation.” Handily, this approach also provides Risk Ledger with a source of competitive advantage, since it has more information than most of its rivals. Its mapping now covers a network of more than 16,000 organizations; as it targets new customers, many of their suppliers will already be on its radar and well understood. That’s important in a market where growing numbers of cyber security solution providers are adding supply chain risk products to their offering. Brooks hopes the company’s latest fundraising will enable Risk Ledger to accelerate in this regard – as it brings more organizations onto its platform and deepens the intelligence it can secure from this data. The Series B round is led by Axiom Equity, a specialist growth equity fund, alongside Mercia Ventures, which first backed the company at Series A. The funding will enable Risk Ledger to increase its investment in technology development – Brooks sees AI as a powerful new tool to identify and mitigate risk – and to support a major push into the US market, where it has now begun to win its first customers. Jonathan Organ, the founding partner of Axiom Equity, argues that Risk Ledger has effectively developed a new type of solution rather than trying to compete in an existing market segment. “The network it has built is hard to replicate and grows more valuable with every organization that joins,” Organ points out. At Mercia Ventures, venture capital investor Adam Lovell adds: “We backed Risk Ledger at Series A because we believed Haydn and the team had identified a fundamentally better way to manage supply chain cyber risk – three years on, that conviction has only strengthened.”

AI 시장 분석

Cybersecurity startup Risk Ledger has successfully completed a new funding round to accelerate its expansion into the US market. This investment reflects the scalability of its supply chain security platform and the growing demand for cyber threat response within the United States. Investors are focusing on how effectively Risk Ledger's technology will meet the security compliance requirements of American corporations.

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DYAX 전담 분석

The funding marks a pivotal step for Risk Ledger in scaling its operations globally. By entering the US market, the company aims to capitalize on heightened regulatory scrutiny and the urgent need for robust third-party risk management. The firm's ability to integrate into existing supply chain infrastructures provides a competitive edge in addressing complex security compliance challenges faced by large-scale US enterprises.

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