Cybervadis secures €7M in Series-A funding led by a group of investors led by Zobito
May 23rd, 2023
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CyberVadis, provider of a Third Party Cyber Risk Management platform embedding the most reliable cybersecurity ratings, has raised €7M in Series-A funding led by Zobito AB.
“This investment is a validation of the need for reliable evidence-based assessments, to scale Third Party Cyber Risk Management programs and truly secure organizations' global supply chain,” said Edouard Lacarrière CyberVadis CEO. “We expect this investment to enable us to hire top talents and expand our teams in particular to service new clients beyond our traditional markets, to accelerate innovation and continue to enhance our platform and deliver even greater value to our customers.”
Today Cybervadis has reliably assessed cybersecurity and data privacy maturity of thousands of third parties located in 96 countries using its evidence-based approach.
“We are thrilled to be investing in CyberVadis, a company that is revolutionizing the way organizations approach third-party cybersecurity risk assessment,” said Uli Beckmann, Zobito AB partner. “Their platform is a game-changer, and we are excited to be a part of their journey.”
Uli Beckman will join the CyberVadis board of directors alongside EcoVadis’ co-founders and existing growth fund investors CVC Growth Partners (the growth-oriented technology investment arm of CVC Capital Partners) and Partech.
CyberVadis CEO, Edouard Lacarrière, added: "We are thrilled to have Zobito AB on board as an investor and partner. Their expertise in technology and their commitment to innovation make them the perfect fit for Cybervadis as we enter our next phase of growth.”
CyberVadis provides enterprises with a cost-effective and scalable solution for third-party cybersecurity risk assessments. For a fixed annual fee we perform an unlimited number of evidence-based assessments via the CyberVadis platform. Our intuitive and user-friendly platform is built on a methodology that maps to all major international compliance standards, including NIST, ISO 27001, GDPR, and many other privacy and security laws. The CyberVadis solution combines the speed of automation with the accuracy and effectiveness of our team of experts.
We directly engage vendors from all over the world with assessments and validate results with an in-house team of security analysts. CyberVadis provides companies a standardized cybersecurity rating that they can share with others, along with a detailed improvement plan for increasing their score and the ability to collaborate with clients on implementing better practices. For more information, please visit www.cybervadis.com
Cybervadis: Ekaterina Grekhova, email@example.com