CyberGRX, founded in 2015 and headquartered in the United States, positions itself as a leader in the Third-Party Risk Management (TPRM) space with its comprehensive platform that aims to enhance cybersecurity readiness for enterprises. Its slogan, “Sleep soundly with our TPRM platform. Pinpoint, measure, and prioritize third-party cyber risks for effective planning,” accurately encapsulates its mission.
Combining a robust library of 14,000 attested assessments, insights from 250,000 company profiles, and the ability to offer predictive risk analytics, CyberGRX enables immediate vendor decision-making. For more in-depth evaluations, integrations like ProcessUnity's automated workflows diminish the manual burden on InfoSec teams. Recognized for effectively replacing outdated processes, CyberGRX addresses the costly risk of inaction in handling potential high-risk third parties.
The company has attracted significant backing in its growth journey, securing a $40.00 Million Series D investment from prominent investors, including Bessemer Venture Partners, Ten Eleven Ventures, and Blackstone Group, among others. This investment underscores the confidence major players have in CyberGRX's vision and capabilities in addressing the complexities of cybersecurity and third-party risk management.