The news: Risk Ledger, a London supply chain cybersecurity firm, raised a £24 million ($32 million) Series B. Axiom Equity led the round, with returning Series A investor Mercia Ventures.
What it does: Risk Ledger runs a network where a company assesses each supplier’s security once and shares the result. That replaces every buyer sending its own questionnaire. More than 16,000 organizations are on the network across financial services, insurance, critical infrastructure and the UK government. The company says the real danger often sits several layers deep, inside a supplier's own supplier.
The money: The round funds three things.
AI tools trained on the network's data to automate manual security reviews
Growth of the UK network
Entry into the U.S. market
The backdrop: Supplier breaches are a live concern for operations teams. This month, Coca-Cola halted U.S. production at its Fairlife business after a ransomware attack reached production systems, not just office networks. Attacks like that travel through shared vendors and systems, the exposure Risk Ledger is selling against.
What’s next: The company, founded in 2017, plans to use the funding to open in the U.S., where it says supplier-breach frequency and third-party risk rules are both rising.
