• RiskLens

  Participated · Equity · Jan 2013

  RiskLens offers quantitative cyber risk management software that enables large enterprises and government organizations to measure and manage cyber risk in monetary terms. The platform, built on the FAIR standard, helps clients understand and communicate exposure, prioritize mitigations, measure security ROI, and meet regulatory demands for quantified risk. FAIR is used by more than 4,500 security and risk professionals and is represented within 8 of the Fortune 10, 75% of the Fortune 50 and nearly 30% of the Fortune 1,000. RiskLens has announced integrations with RSA, ServiceNow and RSAM and professional services partnerships with PwC Australia, Wipro and TUV Rheinland Opensky. Led by CEO Nick Sanna, the company is positioning itself as a market leader in the emerging cyber risk quantification space. It recently completed a growth financing to support expansion across Sales, Marketing, Engineering and Professional Services. RiskLens provides Cyber Risk Quantification, a decision-support application that quantifies an organization’s financial risk exposure to cybersecurity, IT and other operational events. The platform helps cyber risk professionals quantify and communicate about risk in financial terms, bridging communication gaps between IT, the board and the business. Led by CEO Nick Sanna, the company is based in Spokane, WA and Reston, VA. RiskLens closed a $5M Series A equity round. The round was led by Osage Venture Partners with participation from Paladin Capital Group, Dell Technologies Capital and Kick-Start. The company intends to use the funds to accelerate go-to-market efforts, grow the customer base and forge new partnerships to scale growth. CXOWare offers a SaaS Factor Analysis of Information Risk (FAIR) solution called FAIRiq that helps organizations identify and measure economic loss exposure from information security and operational risk. Its customers include large finance, information-technology services, manufacturing, retail and oil & gas energy corporations. The company is led by CEO Steven Tabacek and Jack Jones, a former Nationwide Insurance CISO and Huntington Bank CISO. CXOWare is based in Spokane, Washington. The firm raised $1.25M to support growth and intends to use the capital to increase its sales and marketing presence nationwide. No operating metrics were disclosed in the article.

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