Whistic, a vendor security assessment firm, has raised $35m in funding from a Series B round led by JMI Equity.
Also taking part in the round were Album VC, Emergence Capital FJ Labs and Forgepoint Capital. Following this round, Whistic has raised a total of $51m since inception.
Founded in 2015, Whistic focuses on assessing vendor security and then makes such information available to organisations looking to make informed decisions.
The company claims its vendor security network – which already has over 40,000 profiles that organisations can access on demand – boosts trust and transparency.
Whistic CEO Nick Sorensen said, “Trust and transparency are paramount in today’s business environment, and there is a critical need for a new approach to vendor security. This investment from JMI allows us to accelerate our ability to continue solving urgent problems for our global customer base and we couldn’t be more excited for the future.”
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