Long Ridge Equity Partners has completed a follow-on majority growth investment in Ripjar, a London-based risk and threat intelligence technology provider, the company said. The transaction, terms of which were not disclosed, marks an expansion of Long Ridge’s existing investment in the firm.
Ripjar, founded by former members of the UK’s Government Communications Headquarters, develops software that combines artificial intelligence and data visualization to help organizations detect and investigate criminal threats. The company has recently expanded its offerings to include RiskGPT solutions aimed at helping financial institutions, corporations and governments navigate complex compliance requirements.
“Ripjar has a robust heritage in artificial intelligence and machine learning, and its technology equips compliance and investigative teams with the tools they need to protect their estate, maintain industry standards and future-proof their operations,” said incoming CEO Tom Obermaier.
Separately, Dow Jones announced it has expanded its ownership stake in Ripjar, about a year after first announcing an equity investment in the company.
