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RKVST raises $7.5M in funding to enable organisations to build verifiable digital supply chains


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, declares 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, Basic Associate at Ridgeline, joins Kevin Compton, co-founder at Radar Companions and Nick Sturiale on the RKVST board of administrators.

Rusty Cumpston

Since introducing the RKVST platform final 12 months and lately saying each a Free and Crew tier service, RKVST now powers verifiable digital provide chains for a rising buyer base to trace, hint and share the provenance of enterprise property, enabling extra resilient operations and accountability for improved decision-making. The funding will likely be used to speed up go-to-market plans, help builders utilizing the RKVST API so as to add transparency and accountability to provide chain processes, develop associate ecosystems and speed up function improvement.

Rusty Cumpston, Chief Govt Officer, RKVST says:
“Right now, we will substitute the costly, redundant, error-prone provide chain processes companies at present use with a SaaS platform to construct verifiable digital provide chain operations. This permits organisations of all sizes to maneuver quicker, scale back value, scale back danger and improve 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 Basic Associate at Ridgeline says:
“We’re excited to put money into and work with the RKVST workforce. Provide chain resilience is broadly wanted for all sorts of bodily and digital property. We hear it from our Restricted Companions and we’ve seen the growing significance that governments and business business are putting on provide chain safety – from US Authorities Govt Order 14028 and the work of the Web Engineering Job Pressure (IETF) – trying to tackle requirements for provide chain integrity, transparency and belief. There’s a formidable workforce at RKVST with a confirmed observe file, 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 Supply Chain Tech Report printed by Pitchbook. Sharing provenance details about property is crucial in bettering 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 a tremendous platform accessible with a easy API. The market is large 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 lead to profitable companies. We imagine there’s a brilliant future for RKVST and are very glad to assist help and develop the enterprise.”

About RKVST
RKVST permits organisations to construct verifiable digital provide chains. Whether or not you are monitoring nuclear waste, counting on knowledge from linked 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 knowledge verification. The RKVST platform permits provide chain companions to trace and share proof about property and knowledge and confirm they’re secure to make use of. Underpinned by distributed ledger expertise, RKVST integrates simply with current software program and 0 belief safety programs, delivering value and danger reductions, and permitting you to maneuver quicker and enhance resiliency in what you are promoting operations. To study extra, go to RKVST.com.

Media Contacts
Liz Harris, vp advertising and marketing, RKVST
liz.harris@rkvst.com

Tracey Treanor or Peter Rennison, PR for RKVST (U.Okay. and Europe)
tracyt@prpr.co.uk / pr@prpr.co.uk
+44 (0)1442 245030

Jackie Solis, PR for RKVST (U.S.)
jackie@bospar.com
480-737-5456



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