Fulcrum Equity Partners led the round, with participation from Florida Funders.
Supply Wisdom’s artificial intelligence (AI)-enabled risk management solution helps companies prevent and lessen supply chain disruptions by monitoring third-party risks in real time.
“The increasing severity and frequency of supply chain and third-party risks proves the need for continuous, full-spectrum risk monitoring,” said Atul Vashistha, founder and CEO of Supply Wisdom, in the company announcement.
“We have experienced incredible growth throughout the pandemic as organizations acutely felt an urgent need to fundamentally change how they approach risk,” he said. “This investment enables us to build on our current success and accelerate our growth. We are very excited to bring Fulcrum on board as an investor and strategic partner.”
Supply Wisdom’s offering “enables enterprises to assess all risk domains within their supply chain — including financial, cyber, operations, ESG, people, location, compliance and Nth parties — in real time,” the company announcement said.
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“I’m delighted to have Fulcrum and our previous investor Florida Funders join this round to support Supply Wisdom’s growth,” said Shelley Leibowitz, a director at Supply Wisdom, in the company announcement. “The market opportunity is immense for supply chain insight, and we are pleased to have investors who have operating experience to continue to support our rapid expansion.
“We were highly impressed with Fulcrum’s success working with other GRC technology companies, and the way Fulcrum approaches their portfolio investments with their commitment to getting them to the next stage,” she said.
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