Paris, France - CyberVadis, a leading provider of cost-effective and scalable solutions for third-party cybersecurity risk assessments, announced today the successful completion of its Series A funding round, raising $7.54 million. The funding round was led by Partech, a global venture capital firm, and Zobito AB, a prominent technology investment company. The investment will be utilized to further enhance CyberVadis' platform and expand its global footprint.

CyberVadis was founded by Edouard Lacarriere and is headquartered in Paris, Ile de France, France. The company's innovative platform offers enterprises an unrivaled solution for assessing and managing the cybersecurity risks associated with their third-party vendors. Through a fixed annual fee structure, CyberVadis delivers unlimited evidence-based assessments via its intuitive and user-friendly platform.

The CyberVadis platform is built on a robust methodology that aligns with major international compliance standards, including NIST, ISO 27001, GDPR, and other privacy and security regulations. Leveraging the speed of automation and the expertise of its in-house team of security analysts, CyberVadis ensures the accuracy and effectiveness of each assessment conducted.

"Our mission at CyberVadis is to empower enterprises to mitigate third-party cybersecurity risks in a cost-effective and scalable manner," said Edouard Lacarriere, Founder of CyberVadis. "With this new round of funding, we are well-positioned to accelerate the development of our platform, expand our global reach, and help more companies achieve higher cybersecurity standards."