RiskRecon, a Boston, MA-based provider of a data-driven, third-party vendor risk assessment platform, raised $3m in seed funding.
The round was led by General Catalyst Partners with participation from other investors.
The company intends to use the funds to expand its product development team.
Led by Kelly White, CEO, RiskRecon delivers actionable information security risk assessments and vendor ratings based on thorough analysis of a third-party’s Internet infrastructure and application presence. The technology enables an enterprise to control third-party risk by providing vendor security assessments actionable and available on-demand and evaluate the security program of any vendor – SaaS, outsourcer or on-premises provider.
Launched in 2015, the vendor assessment service has been used by Fortune 500 clients to measure security program quality, improve analyst productivity, and ensure accountability among all stakeholders.
In addition to the funding, Jeff Martin, Senior Vice President and Chief Information Officer, Channels, Technology Solutions, TD Bank Group, joined the company’s Board of Directors.