By its very nature, risk management enables you to stay ahead of the technology curve and also strengthen your competitive advantage. That is we present to you five hand-picked startups providing risk management solutions.
Out of 1621, the Global Startup Heat Map highlights 5 Top Startups offering Risk Management Solutions
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 1621 exemplary startups & scaleups we analyzed for this research. Further, it highlights five risk management startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 1616 risk management solutions, get in touch with us.
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KYND facilitates Cyber Risk Management
Founding Year: 2018
Location: London, UK
Funding: USD 5,9 M
Industries: Construction, InsurTech, Maritime, Real-Estate
Partner for Continuous Domain Monitoring
KYND is a UK-based startup that provides cyber risk management tools. The startup’s KYND Start solution offers standalone risk reports about organizations’ cyber exposure. Another product, KYND On, continuously monitors the cyber landscape to identify emerging business risks. Similarly, the startup offers solutions for domain monitoring and email analysis. This allows companies, brokers, underwriters, and advisors to proactively detect and take action against potential cybersecurity risks, including data breach protection and cloud security.
Elucidate simplifies Financial Crime Risk Quantification
Founding Year: 2018
Location: Berlin, Germany
Funding: USD 6,3 M
Industries: FinTech, RegTech
Use this solution for Risk-based Pricing
Elucidate is a German startup that provides financial crime risk quantification solutions. The startup’s proprietary risk model, Elucidate FinCrime Index (EFI), combines data analytics and machine learning (ML) to offer crime risk scores across nine segments, such as employee conduct, customer portfolio, and governance framework. This allows banks and non-banking financial companies (NBFCs) to monitor data compliance, enable risk-based pricing, and automate risk assessment.
Graphite offers Supplier Risk Management
Founding Year: 2018
Location: Lehi, USA
Funding: USD 3 M
Industry: Logistics
Use this solution for Automated Risk Classification
US-based startup Graphite builds a business-to-business (B2B) network to improve supplier risk management. The startup allows buyers to onboard and share data, such as transactions and tax filings with suppliers and make dynamic workflows to manage procurement. For suppliers, Graphite facilitates collaboration with buyers and deal flow management. Together, these solutions allow businesses to assess risks over a broad range of topics including governance, data privacy, labor, and sustainability. Graphite automates risk classification, enables constant monitoring, and simplifies supplier risk management.
SteelHedge develops a Metal Risk Management Platform
Founding Year: 2018
Location: Rolle, Switzerland
Industry: Steel
Reach out for Decentralized Steel Pricing
SteelHedge is a Swiss startup that offers a decentralized metals risk management platform. It tracks price in physical markets and secures revenues and margins when feasible. The platform then involves financial institutions to ensure settlements. This mitigates the need for financial intermediaries for derivative contract development and market making, thereby, reducing risk management costs. Moreover, SteelHedge’s solution allows steel product manufacturers and raw material processors to reduce market volatility and avail decentralized prices.
Vesttoo provides AI-based Risk Modeling
Founding Year: 2018
Location: Tel Aviv, Israel
Funding: USD 23 M
Industries: FinTech, InsurTech
Use this solution for Insurance-Linked Investments
Israeli startup Vesttoo offers AI-based risk modeling tools. The startup leverages actuarial models that use large amounts of stochastic and non-stochastic data sources, including inflation and extreme events. Its AI-based risk modeling algorithms use this data to forecast best estimates, standard deviations, and stress scenarios, enabling predictive risk management. Vesttoo allows insurance companies to provide insurance-linked investment opportunities to institutional investors with a much lower risk profile.
Discover more Risk Management Solutions
Startups such as the examples highlighted in this report focus on decentralized steel pricing, AI-based risk modeling, supplier risk management as well as financial crime risk quantification. While all of these technologies play a major role in advancing risk management, they only represent the tip of the iceberg. To explore risk management technologies in more detail, let us look into your areas of interest. For a more general overview, download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
