Vendict

Vendict is a technology company based in Tel Aviv, Israel, founded in 2020. The company specializes in AI-led solutions for compliance, security, and risk management, focusing on enhancing vendor risk management processes through automation and insightful analytics. Vendict offers a variety of services, including automated security questionnaires that streamline the response process, significantly reducing the time required for manual efforts. Their third-party risk management solutions validate vendors quickly and ensure compliance with privacy and vendor management standards. Additionally, Vendict's GRC (Governance, Risk, and Compliance) platform provides valuable insights to improve productivity and support sustainable business growth. With a total funding of $9.5 million, Vendict is recognized in the RFP response automation market and is noted for its efficiency improvements, such as reducing the time to complete security questionnaires from nearly 100 days to just six days for clients. The company is committed to leveraging AI and automation to enhance compliance and risk management processes.