Risk Ledger Raises $32M Led by Axiom Equity to Take Its Supply Chain Security Network to the US
Every year, the world's largest organisations send millions of security questionnaires to their suppliers, and the suppliers fill them in, and the completed documents are filed, and almost nothing about anyone's actual security changes.
It is not fraud. It is not negligence. It is the industrial logic of a control that was designed in the era of the annual audit being applied to a threat that moves in hours, and the waste it generates is invisible because it is distributed: a few hundred hours here, a few thousand pounds there, across every procurement department on earth, none of it ever appearing as a line item labelled the cost of pretending to manage supply chain risk.
Risk Ledgerbelieves that entire apparatus, the questionnaire industrial complex, is not a process to be optimised but a category to be replaced. The London company announced this morning a £24 million ($32 million)...
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