# RiskRecon

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

- Industry: IT Security/Cybersecurity
- Headquarters: Salt Lake City, US
- Website: www.riskrecon.com
- Total disclosed funding: $40M
- Latest round: Series B (Aug 7, 2018)
- Investors on record: 4

## About

RiskRecon Inc. provides automated risk assessments to help organizations manage cybersecurity risks, especially in third-party risk management. Their services empower businesses to benchmark their cyber risk profiles effectively.Founded in 2015 in Salt Lake City, US, RiskRecon specializes in delivering risk ratings solutions. The company has undergone significant growth and was acquired by MasterCard Worldwide in December 2019, with the acquisition expected to close in Q1 2020. RiskRecon's founder and team have experience in cybersecurity and technology, supporting their evolving business strategy. They have successfully raised a total of USD 25.00 mn, with their latest funding round being Series B, led by Accel and joined by Dell Technologies Capital, F-Prime Capital, and General Catalyst Partners.RiskRecon by Mastercard offers a comprehensive risk ratings solution that focuses on managing cybersecurity risks within third-party risk management (TPRM). Their main product, the RiskRecon portal, allows for automated risk assessments tailored to various risk appetites. Features include vendor risk action plans, real-time visibility into third-party partners' cyber performance, and tracking capabilities for resolving identified issues. This service caters to organizations across multiple industries that handle sensitive data and rely on third parties for operational functions, available to clients primarily in North America and Europe.RiskRecon generates revenue through a subscription-based model for its RiskRecon portal, granting clients access to risk ratings and assessment services. Agreements typically allow ongoing access to the platform, which features compliance indicators and advanced filtering capabilities. This structure is designed to meet diverse organizational needs, aiding businesses in making informed decisions regarding third-party risks and enhancing overall cyber resilience.With the closure of the acquisition by MasterCard, RiskRecon aims to leverage its resources to enhance its product offerings and expand into new geographical markets. The company is expected to focus on increasing its presence in North America and Europe, utilizing its recent funding of USD 25.00 mn to bolster product development and market expansion strategies.

## Funding rounds

- Series B, Aug 7, 2018, $25M — Accel, General Catalyst Partners, F-Prime Capital, Dell Technologies Capital
- Series A, Jun 1, 2017, $12M — General Catalyst Partners, F-Prime Capital, Dell Technologies Capital
- Seed, Apr 7, 2016, $3M — General Catalyst Partners

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A, Series B
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A, Series B
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series B