“Riscosity—a leading software platform revolutionizing risk management and mitigation across enterprise data supply chains—today announced $7M of new funding. The financing was led by S3 Ventures with participation from Secure Octane Investments, Firebolt Ventures, and several cybersecurity executives.This investment accelerates the company’s ability to grow its team, expand its Third-Party Data Observability (TPDO) platform, and serve its growing base of large enterprise customers.
“As software investors, we have witnessed the explosion of developers’ use of third-party components and data sub-processors—as well as the growing risks it poses to enterprises’ security and regulatory compliance,” said Aaron Perman, Partner at S3 Ventures. “The stakes are massive and growing: a record €830 million of GDPR fines were levied last year, and this year new privacy laws go into effect in six US states—including the largest, California…”