Prevalent, Inc., a Warren, NJ-based provider of vendor risk management and cyber threat intelligence platform, raised $8m in Series B financing.
The round was led by Spring Mountain Capital, with participation from existing investor Fulcrum Equity Partners. in conjunction with the funding, Jamie Weston, a Managing Director in Spring Mountain Capital’s Private Equity Group, will join Prevalent’s Board of Directors.
The company intends to use the funds to accelerate commercialization efforts and bring its software products to a broader audience.
Led by Jonathan Dambrot, CEO and Co-Founder, Prevalent provides companies with 3rd party risk management and continuous threat intelligence monitoring solutions to monitor and assess the IT risks posed by their vendors and third parties.
The company’s software allows companies to efficiently manage the vendor assessment process and gain contextualized, and real-time information on their vendors.