LogicGate (Risk Cloud)
No-code risk and compliance workflow platform, Risk Cloud, letting enterprises build and connect custom GRC applications without heavy IT involvement.
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LogicGate, founded in 2015 and based in Chicago, built its Risk Cloud platform around a no-code application builder: instead of shipping fixed modules for each GRC use case, it lets risk and compliance teams configure their own connected workflows and data models for things like third-party risk, IT risk, or internal audit, without heavy reliance on IT or professional services.
The company has raised $156 million total, including a $113 million Series C led by PSG and Greenspring Associates, and reports customers including SoFi, Zurich Insurance, Memorial Hermann Health, and Cimpress. LogicGate markets its positioning around treating risk management as a strategic capability rather than a compliance checkbox, though the underlying no-code building-block approach is now offered, in some form, by several competitors.
Innovation Matrix Assessment
No major recent product launches or funding rounds beyond the Series C were found in available sources, suggesting a steadier rather than fast-moving release cadence recently.
A no-code application builder lets risk teams configure and connect workflows themselves, reducing dependence on IT or consultants to adapt the platform to new use cases.
A $113M Series C provided solid capitalization, but no more recent funding, acquisition, or major analyst-recognition signal was found.
No-code configurability meaningfully speeds up implementation, but the underlying risk-management workflow model is still fundamentally similar to traditional GRC tools.
Named enterprise customers (SoFi, Zurich Insurance, Memorial Hermann Health) support credible adoption, though no independent efficacy statistics were found.
A flexible, configurable risk-workflow platform remains useful as organizations' risk and compliance needs continue to diversify beyond fixed module boundaries.
Why CISOs Should Care
Risk and compliance teams that need workflows tailored to their specific processes, rather than forcing their process into a vendor's fixed module, can build and adjust those workflows themselves without a lengthy IT project.
What Makes It Different
A no-code, build-your-own-application approach to GRC workflows, differing from vendors that ship fixed modules for each risk domain.
The Matrix Verdict
57/100 — INCREMENTAL INNOVATOR
A capable, configurable mid-tier platform: real operational flexibility and credible enterprise customers support a moderate score, but slower recent momentum and a workflow model that is not fundamentally new keep it out of the higher tiers.
Editorial Note: Claims vs. Verified Findings
Funding and customer information is consistent across PitchBook, Crunchbase, and the company's own materials; no independent, non-vendor-sourced efficacy or audit-time data was located.
Sources
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