Contingent

Contingent.ai is a technology startup that provides a Supplier Insight & Third-Party Risk platform, designed to simplify procurement processes and reduce associated risks for businesses of various sizes and regulatory environments. The platform offers tailored solutions to meet the unique needs of its customers, ranging from a quick, all-in-one solution for third-party risk management to a more comprehensive, enterprise-focused solution that consolidates vendor risk data into a single platform.

The company serves both regulated mid-sized businesses and unregulated small to medium businesses. For the former, it offers a comprehensive solution for third-party risk management, while for the latter, it provides a lightweight Supplier Insight solution to monitor their supply chain.

Contingent.ai's business model revolves around providing these services to businesses to help them become more resilient, avoid costs of supply disruption, maintain compliance with regulatory standards, and source more effectively. The platform also enables businesses to onboard faster, monitor proactively, conduct deeper due diligence, identify risks and opportunities, and maintain a clear, up-to-date view of risk.

The company generates revenue by charging businesses for access to its platform and its various features. Recently, Contingent.ai secured $8.2m in funding, which will likely be used to further develop its platform and expand its customer base.

Keywords: Procurement, Third-Party Risk Management, Supplier Insight, Vendor Risk, Regulatory Compliance, Supply Chain Monitoring, Due Diligence, Risk Identification, Proactive Monitoring, Business Resilience.