riskmethods provides an AI-driven platform to automate and accelerate threat detection across global supply chains, enabling customers to identify vulnerabilities and take corrective action. The company reported its largest growth period on record in Q1 2020 and said its user base increased nearly 30% since the start of 2020. To meet rising demand it bolstered its global team by nearly 33% in 2020 and plans continued accelerated hiring. Management says the new capital and investments will support customers in minimizing COVID-19 impact and building more resilient supply networks. riskmethods has joined initiatives such as the European AI Alliance’s AI‑Robotics vs. COVID‑19 Initiative and Startups Against Coronavirus to support pandemic response. The company has received multiple industry recognitions, including several Stevie Awards and a Spend Matters Provider to Know mention. riskmethods provides a cloud-based SaaS solution to identify, assess and mitigate global supply chain risk in near real-time using AI, machine-learning algorithms and Big Data. The platform detects potential risks early so customers can initiate countermeasures to avoid revenue loss, production stoppages and reputational damage. The company serves over 90 high-profile international customers across industries and positions its technology as a market-leading SCRM standard developed in Germany. After setting up a Boston subsidiary, riskmethods is concentrating on international marketing, global distribution and scaling its partner network and customer success functions. The company will invest in further product and solutions development and expand its workforce, expecting to double headcount in 2017. A recent Series B financing increases its total investment to date to more than €20 million to support continued international expansion. riskmethods is a Munich, Germany-based provider of a SaaS supply-chain risk management platform. The platform enables customers to identify, evaluate and control risks along the global supply chain in near-real-time. It features an early warning system for potential risk so proactive steps can be taken to avoid supply interruption, enforce compliance and protect corporate image. The company was founded in 2013 by managing director Rolf Zimmer. riskmethods recently raised almost $6m in a Series A financing to support additional product innovation. The funds will also be used to increase its presence in Europe and to set up a US subsidiary. riskmethods offers a SaaS-based, comprehensive supply chain risk management platform that provides proactive monitoring and assessment of supply-chain risks. Its solution features an early warning system for potential risks to help avoid supply interruptions, enforce compliance and protect corporate image. The company is led by Managing Director and co-founder Rolf Zimmer and is based in Munich, Germany. riskmethods received USD $2M in growth capital to support its operations. The firm plans to use the funds to extend its product portfolio, increase personnel in sales and software development, and further strengthen internationalization efforts in its European core market and in the USA. No operating metrics were disclosed in the article. RiskMethods is a Munich-based provider of a cloud-based supply chain risk management platform. Its application visualizes enterprise supply chains on a map and helps recognize potential disruptions from natural hazards, supplier financial instability and other incidents so users can take immediate action. The company is led by Rolf Zimmer, Managing Director. It raised €900K in funding to support its operations. RiskMethods intends to use the funds to extend the software's service portfolio and to hire personnel in software development and sales. The company also plans to use the capital to expand worldwide.

Total raised

$24M

Funding rounds

5

Latest round

Series B

Latest activity

Apr 2017