Lema provides a real-time risk management platform that correlates third-party information from existing technical stacks and intelligence feeds to create an up-to-date inventory of third-party risks. The platform enables organizations to monitor inherent risks and operational discrepancies, allowing for proactive risk mitigation and informed decision-making.
Funding
$6.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations struggle to maintain an accurate, up-to-date view of third-party risks due to reliance on manual assessments and disparate data sources. This lack of real-time visibility hinders proactive risk mitigation and informed decision-making regarding vendor relationships. Discrepancies between agreed-upon terms and actual third-party behavior often go undetected, increasing the potential for security breaches and compliance violations.
Solution
Lema provides a real-time third-party risk management (TPRM) platform that continuously monitors how third parties interface with an organization's business units and critical assets. The platform correlates data from various sources, including third-party artifacts, existing technical stacks, and external intelligence feeds, to provide a holistic view of vendor risk. By automatically detecting gaps in attestations and changes in inherent risk, Lema enables organizations to proactively mitigate risks, ensure compliance, and minimize the business impact of third-party incidents.
Target Audience
Lema's primary customers are organizations of all sizes that need to manage and mitigate risks associated with their third-party vendors, service providers, contractors, and partners.
Features
- Automated third-party inventory creation and maintenance, eliminating manual spreadsheet management
- Continuous monitoring of third-party interfaces with critical assets to detect operational discrepancies
- Proactive TPRM module that detects changes in third-party risk and suggests mitigating actions
- Automatic third-party artifact gap analysis using a fine-tuned LLM module
- Real-time data gathering from third-party websites, news, threat intelligence feeds, and public databases
- Matching of third-party behavior against industry frameworks, internal controls, and regulatory requirements
- One-click report generation for management, outlining the state and effectiveness of the TPRM program