RKVST, a Santa Clara, CA-based integrity, transparency, and a trust platform for digital supply chain operations, announced the first closed $7.5 million in Series A funding.
The round was led by Ridgeline, with participation from Acadia Woods, Cyber Mentor Fund, and Long Run Capital.
The funding will be used to accelerate go-to-market plans, support developers using the RKVST API to add transparency and accountability to supply chain processes, grow partner ecosystems and accelerate feature development.
Since introducing the RKVST platform last year and recently announcing both a free and team tier service, RKVST now powers verifiable digital supply chains for a growing customer base to track, trace, and share the provenance of enterprise assets, enabling more resilient operations and accountability for improved decision-making.
Ryan Clinton, General Partner at Ridgeline, joins Kevin Compton, Co-founder at Radar Partners, and Nick Sturiale on the RKVST board of directors.
“Today, we can replace the expensive, redundant, error-prone supply chain processes businesses currently use with a SaaS platform to build verifiable digital supply chain operations. This enables organizations of all sizes to move faster, cut cost, reduce risk and increase business resiliency. We’re thrilled to be working with great investors who have a wealth of experience in building successful B2B SaaS businesses and delighted that Ryan Clinton is now on our board of directors.” Rusty Cumpston, Chief Executive Officer, RKVST, said.
Company: RKVST, Inc.
Raised: $7.5M
Round: Series A
Funding Month: September 2022
Lead Investors: Ridgeline
Additional Investors: Acadia Woods, Cyber Mentor Fund, and Long Run Capital
Company Website: https://www.rkvst.com/
Software Category: Digital Supply Chains
About the Company: RKVST was founded by experts in IoT, cybersecurity, digital identity, and blockchain with a vision to overcome the biggest challenge in digital transformation and connected operations: Trust. RKVST enables organizations to build verifiable digital supply chains. Whether you’re tracking nuclear waste, relying on data from connected devices, or using software bills of materials (SBOMs), RKVST gets you the data you need from anywhere in your supply chain without the frustration, time-wasting, and uncertainty of manual data verification. The RKVST platform allows supply chain partners to track and share evidence about assets and data and verify that they are safe to use. Underpinned by distributed ledger technology, RKVST integrates easily with existing software and zero trust security systems, delivering cost and risk reductions and allowing you to move faster and improve resiliency in your business operations.
Source: https://www.rkvst.com/press_releases/rkvst-raises-7-5m-in-funding-to-enable-organizations-to-build-verifiable-digital-supply-chains/