SECURITY
SECURITY
SECURITY
Cybersecurity risk management startup RiskLens raises $20M
Cybersecurity risk management startup RiskLens Inc. today said it has raised $20 million in new funding to fuel expansion across sales, marketing, engineering and professional services departments.
The Series B round was led by Paladin Capital Group and included Dell Technologies Capital, Osage Venture Partners, F-Prime Capital and MassMutual Ventures.
Founded in 2011, RiskLens offers cyber risk management software built on top of the Factor Analysis of Information Risk standard. That’s a model for information and operational risk that enables organizations to manage risk and quantify it in monetary terms.
The company calls its software the most comprehensive suite of applications available to enable security and risk teams to quantify, manage and report on cyber risks from the business perspective. It can not only assess cyber risk financially but also prioritize remediation efforts based on their potential cost and benefit, justify security investments based on return on investment and help manage the cost of regulatory requirements.
“RiskLens has forever changed the way large organizations assess, manage and report on cyber risk, by translating the impact of threats and vulnerabilities into the financial language of the business that everyone understands: dollars and cents,” Nick Sanna, chief executive officer at RiskLens, said in a statement.
Including the new funding, RiskLens has raised $27.2 million to date.
Image: RiskLens
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
