NormShield Inc.

NormShield Inc. is a cybersecurity firm specializing in third-party risk management software that helps organizations assess and manage cybersecurity risks associated with their vendors. Founded in 2015 in Boston, US, NormShield Inc. focuses on automating vendor ecosystem assessments to enhance cybersecurity.

The company has undergone strategic pivots, emphasizing the development of comprehensive risk management tools. The founders, Mohamoud Jibrell and Omer Arslan, initiated the venture to address increasing demands for cybersecurity risk management solutions. In 2021, NormShield raised USD 22 mn in Series B funding, led by Volition Capital, increasing its total funding to USD 22 mn with a current valuation of USD 93. 988 mn.

NormShield specializes in third-party risk management (TPRM) solutions that enhance cybersecurity through automated assessments. Its core offerings include a Technical Cyber Security Rating, Cyber Risk in Financial Terms, and a Ransomware Susceptibility Index. These products deliver critical insights into vendor cybersecurity postures, serving clients across financial services, healthcare, manufacturing, and technology sectors predominantly in North America, Europe, and Asia-Pacific. NormShield also assists organizations with compliance requirements and supply chain risks, reinforcing their cybersecurity strategies.

NormShield operates a subscription-based revenue model, with clients entering annual agreements for access to its risk management tools. This model allows continuous monitoring of third-party vendor cybersecurity risks and integrates into existing operational workflows. Its flagship products, including the Technical Cyber Security Rating and Ransomware Susceptibility Index, are pivotal for organizations seeking to mitigate cybersecurity threats from supply chain partners. The company maintains strong ongoing relationships with clients, ensuring they receive relevant updates and insights on cybersecurity challenges, which bolsters customer retention.

Following its Series B funding round in October 2021, NormShield plans to invest in marketing, customer success, channels, and strategic partnerships to fuel growth. Specific plans for future product launches or geographic expansion have not been detailed; however, the firm is anticipated to enhance its presence in existing markets while exploring new opportunities. The funding will support these initiatives, allowing NormShield to strengthen its capabilities in the cybersecurity landscape.