Riscosity Raises $7M to Help Enterprises Manage Third-Party Data Risk

Riscosity, a third-party data observability platform, has raised $7 million in a funding round led by S3 Ventures. The round also included participation from Secure Octane Investments, Firebolt Ventures, and several cybersecurity executives. If the news caught your attention, continue reading the Zatrun.com content below.

What Is Third-Party Data Observability?

Third-party data observability is the practice of monitoring and tracking data that flows between an organization and its third-party vendors. This data can include customer data, financial data, and intellectual property.

Third-party data observability is important because it helps organizations to identify and mitigate risks associated with third-party data. These risks can include data breaches, data leaks, and compliance violations.

How Does Riscosity Work?

Riscosity uses a combination of machine learning and human expertise to monitor and track data that flows between an organization and its third-party vendors. Riscosity can identify potential risks, such as data breaches and compliance violations, and alert organizations to these risks.

The benefits of using Riscosity include:

• Improved data security: Can help organizations to identify and mitigate risks associated with third-party data, such as data breaches and compliance violations.
• Increased compliance: Riscosity can help organizations to comply with regulations that govern the use of third-party data, such as the General Data Protection Regulation (GDPR).
• Reduced risk: Riscosity can help organizations to reduce the risk of data breaches, data leaks, and compliance violations.

Riscosity is a leading third-party data observability platform that can help organizations to improve data security, increase compliance, and reduce risk.

Additional information:

• It was founded in 2019 by Anirban Banerjee, Anirban Das, and Anirban Ghosh.
• It is headquartered in San Francisco, California.
• It is used by organizations in a variety of industries, including financial services, healthcare, and retail.

TaxCloud, a sales tax compliance platform for ecommerce companies, has raised $20 million in a growth equity funding round. The round was led by Stripes Group, with participation from existing investors Stripes Group, Accel, and Commerce Ventures.

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. The funding will be used to accelerate TaxCloud’s growth, expand its product offering, and hire additional staff.