Danger intelligence platform Provide Knowledge has secured $14 million in Sequence B funding in a spherical led by Jurassic Capital.
Provide Knowledge additionally introduced that Chief Working Officer Jenna Wells has been appointed as the corporate’s new CEO.
Provide Knowledge made its Finovate debut at FinovateFall 2022 in New York. We interviewed Jenna Wells in March of this yr with regards to third-party threat in monetary providers.
Danger intelligence innovator Provide Knowledge has raised $14 million in new funding. The corporate, which made its Finovate debut at FinovateFall 2022 in New York, additionally launched a brand new CEO, former Chief Working Officer Jenna Wells. Finovate readers will recall our interview with Wells from earlier this yr, during which she mentioned the problem of managing third-party threat in monetary providers.
“I’m honored to step into this new position throughout such a pivotal time for our firm and the worldwide enterprise group as there’s clearly an elevated want for robust threat administration,” Wells stated in an announcement saying each the funding and her new standing as Provide Knowledge CEO.
“As each a threat practitioner and chief at Provide Knowledge, I’ve seen firsthand how our AI-powered platform transforms how organizations handle threat throughout their whole provide chain ecosystem. I’m excited to assist Provide Knowledge in persevering with to supply complete, predictive threat intelligence that permits companies to behave proactively and confidently in an more and more complicated threat panorama.”
Provide Knowledge affords a full-stack SaaS platform, powered by AI, that helps firms in monetary providers, insurance coverage, know-how and different industries flip open supply knowledge into threat intelligence on key third-party relationships. The corporate’s know-how offers steady monitoring, complete intelligence stories, and alerts that cowl all threat domains—monetary, cyber, operational, ESG, compliance, Nth occasion, location—in real-time. Based in 2017 and headquartered in New York, Provide Knowledge contains firms within the Fortune 100 and International 2000 amongst its purchasers.
The Sequence B spherical was led by Jurassic Capital, which joins current buyers Fulcrum Fairness Companions and Conductor Capital. Jurassic Capital Normal Associate Kevin Mosley praised Provide Knowledge as a “high-growth, capital-efficient and progressive firm with a robust historical past of delivering distinctive worth for third occasion threat administration departments at main international corporations.” Mosley additionally expressed pleasure on the appointment of Wells as CEO, noting that her “firsthand expertise as a buyer will proceed to pay dividends throughout the group.”
Tom Thimot, who led the corporate as CEO since 2023, will proceed to serve the agency in a brand new position as Advisor to the CEO. On this capability, Thimot will present strategic recommendation to each Wells and Provide Knowledge’s management crew.
Provide Knowledge’s funding and C-suite management information comes within the wake of the corporate incomes a spot within the Inc. Regionals: Northeast checklist of the fastest-growing personal firms within the US Northeast. An extension of the Inc. 5000 roster, the Inc. Regionals: Northeast itemizing contains corporations in Pennsylvania, New York, Vermont, New Hampshire, Maine, Massachusetts, Connecticut, Rhode Island, and New Jersey.
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