Third-party data observability platform Riscosity raises $7m


Riscosity, a maker of a third-party data observability platform, has raised $7m in a funding round headed by S3 Ventures.

Also taking part in the round were Secure Octane Investments, Firebolt Ventures and several cybersecurity executives.

Riscosity’s software—trusted by multiple large public enterprises—manages and mitigates data supply chain risk for security, compliance, and engineering teams.With the financing, Riscosity will accelerate its product roadmap and expand its team to serve its growing user base.

According to the firm, this investment accelerates the company’s ability to grow its team, expand its Third-Party Data Observability (TPDO) platform, and serve its growing base of large enterprise customers.

Compromised third-party software components (such as Solarwinds, Kaseya, and Apache Log4j) have led to some of the most damaging data breaches of the last few years. With the tidal wave of privacy legislation in the US, Europe, Asia, and South America, liability for such incidents is only increasing.

Riscosity CEO and co-founder Anirban Banerjee said, “Enterprises today need to inspire confidence with their customers as to how they are safeguarding their data. Being a good data custodian means having 100% observability on what data is leaving the organization, identifying policy violations, and automatically correcting them—all in real time.”

TaxCloud, a sales tax compliance platform for ecommerce companies, has raised $20m in a growth equity funding round.

TaxCloud’s platform helps merchants calculate, collect, and file sales and use tax for transactions in all 50 U.S. states and the District of Columbia. The platform is trusted by more than 4,000 ecommerce businesses, and is a recognized leader in customer service and support in the sales tax management space.

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