Findings Overview
Findings, formerly IDRRA, is a scalable, AI-powered assessment platform that streamlines and facilitates efficient and comprehensive security compliance across sectors, jurisdictions, and regulatory frameworks. The companys platform provides automated security and data compliance assessments, gap analysis, benchmarking, and automated consulting for individual and vendor risk assessments. Findings was named a cool vendor in Cool Vendors in Security and Risk Management: Securely Scaling Digital Businesses, 2018 by the Gartner Research Group.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Diginex Announces MOU for US$305m Acquisition of Findings, a leading cybersecurity and compliance automation company
Diginex Limited has announced a Memorandum of Understanding (MOU) to acquire IDRRA Cyber Security Ltd., operating as Findings, for up to $305 million. This acquisition aims to enhance Diginexs technological capabilities in cybersecurity and compliance automation. Findings, backed by Magenta Venture Partners, specializes in AI-powered vendor risk management and cloud security solutions. The transaction will be paid in Diginex shares and cash, contingent on performance metrics. This strategic move aligns with Diginexs mission to expand its footprint in the cybersecurity sector and enhance its sustainability-focused technology stack. The acquisition is subject to due diligence and regulatory approvals.
Acquisition
growth-positive
The Tel Aviv-based company has developed a platform that scans supplier systems in organizations with long supply chains and can quickly diagnose problems in areas of compliance.
UK compliance solutions company Diginex has announced its acquisition of Israeli cybersecurity firm Findings for $305 million. Findings, based in Tel Aviv, has developed a platform that scans supplier systems to diagnose compliance issues quickly, reducing the process from weeks to minutes. The platform is used by information security managers in various industries, including defense, government, and finance. The acquisition will see 15% of the amount paid in cash, with the remainder in Diginex shares. The main investor, Magenta Venture Partners, led the companys $5 million seed round in 2022. Findings, founded in 2019, has achieved over $10 million in annual recurring revenue and has established partnerships with major companies like NEC, Mitsui, Nasdaq, and IBM.
Acquired-by
growth-positive
Nasdaq-listed regtech company Diginex aims to boost supply chain risk management with IDRRA’s compliance technology.
Findings, an Israeli cybersecurity company specializing in automated supply chain risk monitoring, is being acquired by U.S.-based Diginex for approximately $305 million. The acquisition will be paid through $270 million in Diginex shares and up to $35 million in cash, with $20 million contingent on performance targets. This acquisition aims to integrate Findings expertise in vendor risk management and secure data sharing into Diginexs compliance and sustainability products. The deal is expected to enhance Diginexs capabilities in monitoring supply chain risk, especially in the context of increasing ESG concerns and cybersecurity threats.
Acquired-by
הסטארטאפ Findings הוקם כבר לפני 7 שנים אבל פעל בעיקר מתחת לרדאר, וכעת הוא מוצא לו בית חדש בסכום רכישה מרשים
growth-positive
https://www.jpost.com/Israel-News/Could-third-party-breaches-threaten-Israels-new-credit-data-sharing-system-587176
The Bank of Israel has launched Israels first-ever system for sharing credit data, featuring the establishment of a central credit register. The system aims to increase competition in the retail credit market by collecting data from credit providers and government authorities and transferring them to authorized lenders and borrowers. Only companies with a license from the Bank of Israel can access and provide credit ratings. However, concerns have been raised about potential vulnerabilities caused by third-party providers. Cybersecurity experts warn that hackers may target weaker companies within the supply chain to gain access to sensitive financial information. The Bank of Israel plans to enforce strict security measures for any future third parties seeking access to the database.
Customers
| Sector | Cyber Security |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 1 |
| Investors | 1 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | findings.co/ |
| Careers | Careers page |
Locations
Eliezer Kaplan Street 2, Tel Aviv-Yafo, Israel
1 Pennsylvania Plaza, New York, NY 10119
Photos & Videos
3 item(s)
