Risk intelligence and risk actions platform Supply Wisdom has collected investment funding to scale across geographies.
The funding was led by Fulcrum Equity Partners, with commitments also coming from Florida Funders.
With the capital, Supply Wisdom plans to expand across verticals and geographies.
Supply Wisdom is an ai-powered risk management solution that is aimed at the third-party and supply chain intelligence space. It does this by continuously monitoring the widest risk aperture in the market.
It claims that unlike other solutions, its platform lets enterprises assess all risk domains within their supply chain, including financial, cyber, operations, ESG, people, location, compliance, and Nth parties – in real time.
Supply Wisdom founder and CEO Atul Vashistha said, “The increasing severity and frequency of supply chain and third-party risks proves the need for continuous, full-spectrum risk monitoring.
“We have experienced incredible growth throughout the pandemic as organisations acutely felt an urgent need to fundamentally change how they approach risk. This investment enables us to build on our current success and accelerate our growth. We are very excited to bring Fulcrum on board as an investor and strategic partner.”
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