Risklens
AcquiredSpokane, US · Founded 2011 · Delaware corporation · 3 employees on LinkedIn · 5 known investors
RiskLens builds SaaS cyber risk quantification software based on the FAIR standard; acquired by Safe Security in 2023.
Also known as RiskLens · RiskLens Inc.
Founders & leadership
Risklens was founded in 2011 by Jack Jones and Steven Tabacek.
Board
Investors · 5
Also in the syndicate · 1
Reported raises · per SEC filings
Form D private placements$25.9M disclosed across 4 of 6 rounds · 2013–2019
▶$20.6MraisedApr 2019 · 5 investors · Other TechnologyRule 506(b)
- Nathanael LentzDirector
- Mourad YesayanDirector
- James LamDirector
- David SutorExecutive Officer
- Steven TabacekExecutive Officer, Director
- Nicola SannaExecutive Officer, Director
- Offering amount
- $20.6M
- Amount sold
- $20.6M
- Proceeds to insiders
- $8.3M
- First sale
- Mar 2019
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$3.8MraisedMay 2017 · 6 investors · Other TechnologyRule 506(b)
- Nicola SannaExecutive Officer, Director
- David SutorExecutive Officer
- Steven TabacekExecutive Officer, Director
- Jack JonesExecutive Officer, Director
- Chad WeinmanExecutive Officer
- Nathanael LentzDirector
- Bryan SmithExecutive Officer
- Offering amount
- $5.2M
- Amount sold
- $3.8M
- First sale
- May 2017
- Incorporated
- Corporation, Washington
- Federal exemptions
- 06b
▶$1MraisedJul 2015 · 1 investors · Other TechnologyRule 506(b)
- Jack JonesExecutive Officer, Director
- Bryan SmithExecutive Officer
- Nicola (Nick) SannaExecutive Officer
- Chad WeinmanExecutive Officer
- Leslie YatesExecutive Officer
- Steven TabacekExecutive Officer, Director
- Offering amount
- $1M
- Amount sold
- $1M
- First sale
- Mar 2014
- Incorporated
- Corporation, Washington, 2011
- Federal exemptions
- 06b
▶$600KraisedJul 2015 · 2 investors · Other TechnologyRule 506(b)
- Bryan SmithExecutive Officer
- Jack JonesExecutive Officer, Director
- Nicola (Nick) SannaExecutive Officer
- Chad WeinmanExecutive Officer
- Steven TabacekExecutive Officer, Director
- Leslie YatesExecutive Officer
- Offering amount
- $600K
- Amount sold
- $600K
- First sale
- Jul 2015
- Incorporated
- Corporation, Washington, 2011
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026RiskLens Inc. is a Spokane, Washington-based software company that develops cyber risk management and cyber risk quantification (CRQ) applications. Its platform is delivered as an enterprise SaaS product built on the Factor Analysis of Information Risk (FAIR) standard, a quantification model for information security and operational risk authored by company co-founder Jack Jones. The software translates threat and vulnerability exposure into monetary terms so that boards, CISOs and risk teams can prioritize security initiatives, size security investments and meet regulatory expectations for quantified cyber risk.
The platform models corporate environments, constructs risk scenarios and produces analytics that break down risk outlook by division and by loss class and form, and allows managers to set control thresholds that trigger notifications. Customers concentrate in health care, energy, retail and finance, and the company has also sold through alliance and professional-services partners. In July 2023 RiskLens was acquired by Safe Security, which said it would embed the FAIR decision-science methodology into its SAFE / Cyber Risk Cloud of Clouds platform.
Founding story
Jack Jones, former chief information security officer of Nationwide Mutual Insurance, concluded while in that role that organizations had no way to evaluate the likelihood or financial cost of a cyber breach, and began developing software and a methodology to measure cyber risk. Returning to Spokane, he approached Steven Tabacek, whom he had met at Northwest Farm Credit Services in the late 1990s and who had founded the data backup company IT Lifeline, and in 2011 the two pitched a cyber risk analysis software company. Silicon Valley investors were interested but conditioned funding on relocating to Silicon Valley, arguing Spokane lacked engineering talent; the founders instead started in a 160-square-foot space in the basement of the former Spokane Intercollegiate Research and Technology Institute on the Washington State University Spokane campus and hired from Eastern Washington University, Gonzaga University and Washington State University.
Business model
Software-as-a-service: the platform is licensed on a subscription basis and hosted centrally on the company's cloud infrastructure, sold to large enterprises and government organizations, with delivery supported by direct engagement, alliance partners and professional services.
Subscription licensing of the cloud-hosted RiskLens platform, complemented by professional services.
Traction
The company reported 100% year-over-year global growth at the time of its 2019 Series B, with solutions used by more than 4,500 security and risk professionals and representation in 8 of the Fortune 10, 75% of the Fortune 50 and nearly 30% of the Fortune 1000. In 2016 it had 26 employees and 48 clients and expected to triple revenue over the prior year; by November 2020 it employed about 100 people.
Latest developments
In July 2023 Safe Security acquired RiskLens for an undisclosed amount, planning to combine the FAIR cyber risk quantification standard with its AI-driven SAFE / Cyber Risk Cloud of Clouds platform. Nick Sanna joined Safe Security as president and continued to lead the FAIR Institute, and Jack Jones became chief research scientist while remaining chairman of the FAIR Institute.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as a leader in the emerging cyber risk quantification category, describing itself as the only enterprise-class SaaS platform built on the FAIR standard. Investors characterized the company as a potential de-facto standard for how enterprises assess, communicate and manage cyber risk.
Its differentiation rests on the FAIR standard, authored by co-founder Jack Jones, which expresses cyber risk in monetary terms rather than qualitative ratings, delivered through a software platform intended to serve as a system of record for quantitative cyber risk programs.
Technology
An enterprise-class SaaS analytics platform implementing the Factor Analysis of Information Risk (FAIR) standard. An analytical engine simulates corporate environments and risk scenarios to estimate risk levels and express them in financial terms, with per-division breakdowns of risk components such as classes and forms of loss and user-configurable control thresholds that trigger notifications. The product integrates with governance, risk and compliance software including RSA, ServiceNow and RSAM.
Go-to-market
Direct enterprise sales combined with alliance partners, GRC software integrations (RSA, ServiceNow, RSAM) and professional-services partnerships with PwC Australia, Wipro and TUV Rheinland OpenSky. Early sales and marketing were run from Reston, Virginia, with professional services in Columbus, Ohio.
Large enterprises and government organizations, in particular boards of directors, CISOs and cyber risk teams; customers span more than nine vertical industries with concentration in health care, energy, retail and financial services.
Geography
Headquartered in Spokane, Washington, with a sales and marketing team in Reston, Virginia, and a professional services group in Columbus, Ohio. Most early clients were on the US East Coast, and the company serves clients internationally, with partners including PwC Australia and Wipro.
History
Founded in 2011 by Jack Jones (chief risk scientist, later EVP of research and development) and Steven Tabacek (president and chairman). Dr. Henry Beker, a cryptography figure based in Brussels, invested $1.25 million in 2013 and served as a mentor. Demand accelerated after the 2014 Home Depot and Target breaches. The company moved into a 4,000-square-foot suite on the ninth floor of the Chase Building at 601 W. Main in downtown Spokane and grew from 26 employees in 2016 to about 100 by November 2020. It raised a $5 million Series A in July 2018 and a $20.55 million Series B in April 2019. In July 2023 it was acquired by Safe Security of Palo Alto, California, for an undisclosed sum.
Risks & controversies
At founding, prospective Silicon Valley investors declined to fund the company unless it relocated, citing doubts about the engineering talent available in Spokane.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsSafe Securities Inc. of Palo Alto, California acquired RiskLens for an undisclosed sum, planning to embed the FAIR methodology into its SAFE Cyber Risk Cloud of Clouds platform. Nick Sanna joined Safe Security as president and continued to lead the FAIR Institute; Jack Jones became chief research scientist.
Series B led by Paladin Capital Group with Dell Technologies Capital, Osage Venture Partners, F-Prime Capital and MassMutual Ventures; proceeds earmarked for expansion in sales, marketing, engineering and professional services.
$20.6M source ↗
RiskLens announced integrations with governance, risk and compliance software providers RSA, ServiceNow and RSAM, and professional services partnerships with PwC Australia, Wipro and TUV Rheinland OpenSky.
The company moved into a 4,000-square-foot suite on the ninth floor of the Chase Building at 601 W. Main, Spokane, having started in a 160-square-foot basement space at the former Spokane Intercollegiate Research and Technology Institute.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 8
primary sources listed
- Home | Risklensriskslens.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Risklens do?
- RiskLens builds SaaS cyber risk quantification software based on the FAIR standard; acquired by Safe Security in 2023.
- Who founded Risklens?
- Risklens was founded by Jack Jones, Steven Tabacek in 2011.
- Who are Risklens's investors?
- Risklens's investors include F-Prime Capital, MassMutual Ventures, Osage Venture Partners, Paladin Capital Group.
- How much funding has Risklens raised?
- Risklens has disclosed $25.9M raised across 4 of its 6 known rounds.
- Where is Risklens headquartered?
- Risklens is headquartered in Spokane, US.