# RiskLens

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

- Industry: IT Security/Cybersecurity
- Headquarters: Spokane, US
- Website: www.risklens.com
- Total disclosed funding: $27M
- Latest round: Series B (Mar 26, 2019)
- Investors on record: 9

## About

RiskLens, Inc. is a US-based cybersecurity firm specializing in cyber risk quantification and management solutions. Their innovative platform enables organizations to assess and mitigate risks effectively within their operations and third-party relationships.RiskLens, Inc. was founded in 2011 in Spokane, US. The company focuses on cyber risk quantification, deriving its core capabilities from its SAFE One platform. Steve Tabacek is the founder, and the current CEO is Nicola Sanna. In July 2023, the company was acquired by SAFE Securities, Inc. from a consortium of investors including Alliance of Angels and Paladin Capital Group, with financial terms undisclosed. The company has completed five funding deals, with the most recent being a Series B round in which it raised USD 20.55 mn, led by Paladin Capital Group and supported by Dell Technologies Capital, F-Prime Capital, MassMutual Ventures, and Osage Venture Partners.RiskLens offers a comprehensive suite of products and services focused on third-party and enterprise cyber risk management. The core offering, the SAFE One platform, integrates advanced analytics and real-time data to empower organizations in assessing, prioritizing, and managing their cyber risks effectively. Key functionalities include third-party risk management, cyber risk assessment and monitoring, operational risk prioritization, strategic investment planning, and regulatory cyber risk reporting. The platform addresses various use cases such as risk quantification, vendor risk assessments, and compliance reporting. RiskLens serves a diverse client base across multiple industries, including retail, healthcare, and technology, with notable customers such as Victoria's Secret, IHG Hotels & Resorts, and BCBS AR. The products are primarily marketed in North America, Europe, and parts of Asia.RiskLens generates revenue through a subscription-based model for its SAFE One platform, where clients pay for access to its suite of cyber risk management tools. Transactions typically involve multi-year contracts with enterprise clients that include varying levels of service and access to specialized features tailored to their specific risk management needs. Partnerships with clients often encompass ongoing support and consultation services to optimize the use of the platform. While specific pricing plans for the platform are not disclosed, the offerings are structured to provide scalable solutions for businesses of different sizes. The integration of advanced AI agents and API capabilities enhances the overall value proposition of RiskLens.In July 2023, following its acquisition by SAFE Securities, Inc., RiskLens aims to further develop its platform and enhance its cyber risk quantification capabilities. The company plans to expand its market presence in Europe and Asia by the end of 2024, leveraging the new resources and strategic direction from SAFE Securities. The recent Series B funding of USD 20.55 mn will support these initiatives, focusing on product development and targeted market expansion, particularly in sectors increasingly concerned with cyber risks.

## Funding rounds

- Series B, Mar 26, 2019, $21M — Paladin Capital Group, F-Prime Capital, MassMutual Ventures, Dell Technologies Capital, Osage Venture Partners
- Series A, Jul 11, 2017, $5M — Paladin Capital Group, Dell Technologies Capital, Kick Start Sales Force, Osage Venture Partners
- Seed, Jan 23, 2013, $1.3M — Alliance of Angels, Inland TechStart Fund, Spokane Angel Alliance

## Investors

- Alliance of Angels (https://capitalatlas.ai/funds/alliance-of-angels) — Seed
- Inland TechStart Fund (https://capitalatlas.ai/funds/inland-techstart-fund) — Seed
- Spokane Angel Alliance (https://capitalatlas.ai/funds/spokane-angel-alliance) — Seed
- Paladin Capital Group (https://capitalatlas.ai/funds/paladin-capital-group) — Series A, Series B
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A, Series B
- Kick Start Sales Force — Series A
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Series A, Series B
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series B
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series B