Prevalent

IT Security/CybersecuritySeries CPhoenix, USprevalent.net

Latest round

Series C

Last raised

Nov 2016

Total raised

$68M

Investors

3

About Prevalent

Prevalent Inc.Founded in 2004 in Phoenix, US, Prevalent Inc. specializes in Third-Party Risk Management solutions. The company has successfully completed a total of 6 deals, with its most recent deal occurring on October 2, 2024., enhancing their enterprise risk management platform. The founders of the company are Alastair Parr, Martin Lui, and Norman Menz, while the CEO is Jack Van de Water, alongside Kevin Hickey.Prevalent specializes in Third-Party Risk Management (TPRM) solutions that unify vendor and supplier risk management throughout the third-party lifecycle. Their main product offerings include comprehensive risk assessment, monitoring, and compliance solutions designed to address information security, cybersecurity, data privacy, and business resilience challenges. This platform features AI-powered capabilities for automating vendor risk assessments and monitoring, as well as tools for managing supplier relationships effectively. The end users of these services encompass a wide range of industries, including finance, healthcare, insurance, legal, manufacturing, and retail, among others.Prevalent generates revenue primarily through subscription-based models for its TPRM platform and associated services. Clients typically engage with the company through structured contracts that encompass a mix of software usage and managed services. The pricing structure for these subscriptions varies based on the specific features and levels of service selected, allowing clients to tailor their engagements according to their organizational needs. Prevalent's flagship offerings facilitate ongoing vendor risk assessments and compliance monitoring, essential for organizations that prioritize data protection and operational resilience.In October 2024, Prevalent Inc., which aims to expand its enterprise risk management platform. This acquisition is expected to enable further investment in developing new products and expanding into new markets. Specific plans for future growth include launching enhanced features for the TPRM platform and targeting further expansion in North America and Europe.

Who invested in Prevalent

3 investors across 2 rounds

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Funding rounds

  1. Series C

    Nov 17, 2016

    Amount

    $60M

    Investors

    Locked

  2. Series B

    Jan 11, 2016

    Amount

    $8M

    Investors

    Locked

Questions about Prevalent

Who invested in Prevalent?

Prevalent has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Prevalent raised?

Prevalent has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Prevalent last raise money?

Prevalent's most recent round on record is a Series C, in Nov 2016.

What does Prevalent do?

Prevalent is a it security/cybersecurity company.

Where is Prevalent headquartered?

Prevalent is headquartered in Phoenix, US.

Which VCs invest in companies like Prevalent?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it security/cybersecurity companies at Prevalent's stage. Their profiles are linked below.

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