Ridgeline leads Collection A funding in enterprise SaaS agency
CAMBRIDGE UK and SANTA CLARA, Calif – September 21, 2022 – RKVST, the integrity, transparency and belief platform for digital provide chain operations, proclaims the primary shut of a Collection A funding spherical of $7.5 million, from Ridgeline, Acadia Woods, Cyber Mentor Fund and Lengthy Run Capital. Ryan Clinton, Common Associate at Ridgeline, joins Kevin Compton, co-founder at Radar Companions and Nick Sturiale on the RKVST board of administrators.
Since introducing the RKVST platform final 12 months and lately asserting each a Free and Group tier service, RKVST now powers verifiable digital provide chains for a rising buyer base to trace, hint and share the provenance of enterprise belongings, enabling extra resilient operations and accountability for improved decision-making. The funding can be used to speed up go-to-market plans, help builders utilizing the RKVST API so as to add transparency and accountability to produce chain processes, develop associate ecosystems and speed up characteristic growth.
Rusty Cumpston, Chief Government Officer, RKVST says:
“At present, we will change the costly, redundant, error-prone provide chain processes companies presently use with a SaaS platform to construct verifiable digital provide chain operations. This allows organisations of all sizes to maneuver sooner, cut back price, cut back threat and enhance enterprise resiliency. We’re thrilled to be working with nice traders who’ve a wealth of expertise in constructing profitable B2B SaaS companies and delighted that Ryan Clinton is now on our board of administrators.”
Ryan Clinton, co-founder and Common Associate at Ridgeline says:
“We’re excited to put money into and work with the RKVST workforce. Provide chain resilience is broadly wanted for every type of bodily and digital belongings. We hear it from our Restricted Companions and we’ve seen the growing significance that governments and industrial business are inserting on provide chain safety – from US Authorities Government Order 14028 and the work of the Web Engineering Activity Drive (IETF) – seeking to deal with requirements for provide chain integrity, transparency and belief. There’s a powerful workforce at RKVST with a confirmed monitor report, having constructed a number of profitable start-ups, and they’re ideally suited to ship on this rising enterprise alternative.”
Kevin Compton, co-founder and associate at Radar Companions says:
“As complexity in provide chain operations will increase, constructing resiliency has emerged as a key concern, as highlighted in a latest Provide Chain Tech Report revealed by Pitchbook. Sharing provenance details about belongings is important in enhancing resiliency, managing down prices and enhancing the velocity of decision-making that organisations now require. The RKVST workforce recognised the necessity for provide chain provenance and resiliency 4 years in the past and has launched an incredible platform accessible with a easy API. The market is big with worldwide spending on logistics in 2020 standing at $9 trillion, 11% of worldwide Gross Home Product. Radar Companions has been lucky to put money into comparable alternatives the place nice groups coupled with nice product imaginative and prescient and market demand end in profitable companies. We imagine there’s a brilliant future for RKVST and are very glad to assist help and develop the enterprise.”
RKVST permits organisations to construct verifiable digital provide chains. Whether or not you are monitoring nuclear waste, counting on information from related gadgets, or utilizing software program payments of supplies (SBOMs), RKVST will get you the information you want from anyplace in your provide chain with out the frustration, time losing and uncertainty of handbook information verification. The RKVST platform permits provide chain companions to trace and share proof about belongings and information and confirm they’re protected to make use of. Underpinned by distributed ledger expertise, RKVST integrates simply with current software program and 0 belief safety methods, delivering price and threat reductions, and permitting you to maneuver sooner and enhance resiliency in your corporation operations. To be taught extra, go to RKVST.com.
Liz Harris, vp advertising, RKVST
Jackie Solis, PR for RKVST (U.S.)