LockPath
LockPath provides enterprise governance, risk management, compliance and information security software applications..
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
$6.0m | Series B | ||
| Total Funding | 000k | ||
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Founded in 2010 by Chris Caldwell and Chris Goodwin, LockPath established itself as a key player in the Governance, Risk Management, and Compliance (GRC) sector. The company was headquartered in Overland Park, Kansas, and successfully raised $7.1 million over three funding rounds to fuel its growth. In August 2019, LockPath was acquired by NAVEX Global, a move intended to create a more holistic GRC and Integrated Risk Management (IRM) offering for their combined customer base.
LockPath's core business revolves around its flagship Keylight platform, a software-as-a-service (SaaS) solution designed to help organizations manage risk and regulatory compliance. The platform caters to a diverse clientele, ranging from small and midsize companies to Fortune 10 enterprises across more than 15 industries. Revenue is generated through the sale of software licenses for the Keylight platform, which can be deployed in the cloud, on-premises, or in a hybrid model.
The Keylight platform integrates various business processes to provide a centralized view of an organization's risk and compliance posture. It is built on a patented Dynamic Content Framework (DCF) that allows for configuration without custom coding, enhancing flexibility and scalability. The suite includes several purpose-built applications such as Audit Manager, Business Continuity Manager, Compliance Manager, Incident Manager, Risk Manager, and Vendor Manager. This modular approach allows clients to address specific challenges, from policy management and risk assessments to vendor due diligence and incident response, ultimately helping them achieve audit-ready status. Keylight aggregates data from various internal and external sources, enabling organizations to identify dependencies and make more informed business decisions.
Keywords: Integrated Risk Management, Governance Risk Compliance, GRC software, NAVEX Global, Keylight platform, regulatory compliance, enterprise risk management, vendor risk management, business continuity planning, audit management, information security, policy management, incident management, third-party risk management, compliance automation, operational risk, IT risk, SaaS GRC, Dynamic Content Framework, risk assessment