Ostendio, an Arlington, VA-based provider of always-on integrated risk management technology that makes it easy to build, operate, and showcase a security program, closed a Series A financing of undisclosed amount.
The round was led by Osage Venture Partners and included follow-on investments from Blu Venture Investors, CIT GAP Funds, and other existing investors. Sean Dowling of Osage Venture Partners, will be joining Ostendio’s Board of Directors.
The company intends to use the funds to continue the expansion of its network of audit partners (Auditor Connect) and its vendor risk management solution (Vendor Connect).
Led by Grant Elliott, CEO and Chairman, and Marc Bandini, COO and President, Ostendio provides an Integrated Risk Management Platform that makes it easier to build, operate, and showcase a security program. Organizations of any size that need to demonstrate compliance to security standards internally and externally can use Ostendio MyVCM to get access to a single solution that incorporates users and requirements from across the enterprise. Ostendio MyVCM helps companies:
- identify and quantify enterprise risk;
- build and deploy security assessments;
- manage and respond to security incidents and breaches; and
- align vendors and suppliers to security and compliance standards.
The Ostendio MyVCM platform currently handles over 100,000 user activities every month, and over the past 12 months has supported more than 1,000 security assessments.
FinSMEs
15/06/2021