# Prevalent

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prevalent

- Industry: IT Security/Cybersecurity
- Headquarters: Phoenix, US
- Website: www.prevalent.net
- Total disclosed funding: $68M
- Latest round: Series C (Nov 17, 2016)
- Investors on record: 3

## About

Prevalent Inc. is a provider of Third-Party Risk Management solutions that streamline vendor and supplier risk management throughout their lifecycle, offering companies tools to address compliance, cybersecurity, and information security challenges.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. Prevalent was acquired by Mitratech Holdings, Inc., 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. The company has raised a total of USD 10.17 mn, with the latest funding round amounting to USD 10.17 mn.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's solutions are sold in multiple geographical markets across North America, Europe, and parts of Asia, providing organizations with the necessary tools to minimize supply chain disruptions and ensure adherence to over 50 regulations and best practices.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. These engagements are designed to provide customers with immediate access to vendor risk intelligence and streamlined reporting, ensuring effective risk management across diverse vendor ecosystems.In October 2024, Prevalent Inc. was acquired by Mitratech Holdings, 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. The recent acquisition funding will support these initiatives, allowing Prevalent to strengthen its market presence and improve its service offerings.

## Funding rounds

- Series C, Nov 17, 2016, $60M — Insight Partners
- Series B, Jan 11, 2016, $8M — Spring Mountain Capital, Fulcrum Equity Partners

## Investors

- Spring Mountain Capital (https://capitalatlas.ai/funds/spring-mountain-capital) — Series B
- Fulcrum Equity Partners (https://capitalatlas.ai/funds/fulcrum-equity-partners) — Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C