RISK Ledger, a UK-based supply chain security firm, has raised £24 million ($32.3 million) in a Series B funding round, bringing its total funding to £33.8 million ($45 million). The round was led by Axiom Equity, supported by Mercia Ventures. Founded in 2018, Risk Ledger has developed a platform that connects organizations with suppliers for streamlined assessments concerning cyber risks in supply chains.
This network helps transform third-party risk management into a collaborative effort known as Active Supply Chain Security. With over 16,000 organizations involved, the funding will aid in expanding their network, enhancing intelligence sharing, and developing AI tools for risk management. Furthermore, Risk Ledger aims to expand its reach into the US market.