RankedRight, a London-based provider of a cyber-vulnerability ranking platform, has now secured $500K in the seed funding round.
RankedRight, is founded by Peter Yeo, Thomas MacKenzie, and Kristan Bullett. It provides a triage system that follows an IT security team’s pre-set rules to automate the process of ranking vulnerabilities in order of impact to the business.
John Yeo, Lead Investor of the Seed Round, commented, “Cyber is an industry that has no shortage of solutions to edge-case problems. So it’s refreshing to see a credible founder team focussed on building an elegant and simple-to-use solution that solves one of the most widespread cybersecurity challenges affecting businesses.”
Commenting on the funding, RankedRight’s CEO, Thomas MacKenzie, said, “We have a solution to one of the biggest and fastest growing problems facing information security teams and this funding will ensure companies across the world can benefit from it.
“Identifying risk is no longer the problem; where organisations struggle is tackling their outstanding weaknesses. RankedRight simplifies the process, helping organisations of all sizes to fix their vulnerabilities faster and more efficiently.”
RankedRight latest funding
The round was backed by the angel investor John Yeo, and a number of private investors, including the founder of the eLearningSecurity and Managing Partner of the Romeo Capital, Armando Romeo, and VP Sales, EMEA at Deep Instinct, Brooks Wallace.
As a part of the secured, Chartered, Kirsty Bushrod, is now going to join the company as an Investor Director.
The company as of now has plans to use the funds to accelerate product development and implement its go-to-market strategy, which includes the commencement of the pilot phase.