Prevalent is positioned as the industry pioneer and leader in the rapidly growing third-party risk management market. The company is backed by $60 million in Series C funding led by Insight Venture Partners and serves an expanding base of Fortune 1000 customers.
Cyborg Score Rationale
Prevalent was named a Leader in the Forrester New Wave for Cybersecurity Risk Rating Solutions (Q4 2018), receiving the highest differentiated rating across five key criteria. The company has demonstrated strong market growth and industry recognition, though recent data is limited as of 2026-07-10.
Top Insights
Founded in 2004 with 51-200 employees, Prevalent is a private enterprise software company
The company pioneered vendor networks for healthcare, financial, higher education, and legal industries to enable collaborative risk management across sectors
In 2017, Prevalent acquired Datum Security, a third-party risk validation firm focused on small and medium-sized businesses
Prevalent's TPRM Platform delivers 360% ROI over 3 years and can save Fortune 100 customers millions in the first year alone
Named Competitors
OneTrust — Integrated governance, risk, and compliance platform
Whistic — Vendor risk and security assessment platform
UpGuard — End-to-end TPRM platform with native vendor risk assessment, due diligence, and remediation workflows
ProcessUnity — Outbound TPRM platform for vendor assessment automation and risk lifecycle management
BitSight — Cyber risk ratings and third-party risk management with continuous monitoring capabilities
Recent Developments
(June 2017) Acquired Datum Security to expand SMB (small and medium-sized business) third-party risk validation capabilities
(2018) Named Forrester New Wave Leader in Cybersecurity Risk Rating Solutions
(2017) Launched Synapse Exchange, the industry's first unified third-party risk management platform and vendor evidence sharing portal
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