Team8 has led a $24 million Series A funding round for Lema, an innovative company specializing in agentic AI-driven third-party risk management solutions aimed at enhancing cybersecurity resilience for organizations reliant on external vendors.

Information on the target

Lema is an innovative company focused on transforming third-party risk management (TPRM) through its agentic AI security platform. Founded in 2023, Lema aims to empower organizations to treat third-party risk as a core security issue rather than merely a compliance checkbox. The company has emerged from stealth mode with $24 million in funding, led by Team8, and has quickly gained the trust of Fortune 500 clients across various sectors, including financial services and healthcare.

By leveraging advanced AI technology, Lema provides continuous visibility into vendor interactions within an enterprise, allowing organizations to understand their real vendor attack surface and the associated risks. This proactive approach marks a significant shift from traditional methods that rely heavily on static assessments and compliance checklists.

Industry overview in the target’s specific country

The landscape of third-party risk management is becoming increasingly critical as organizations rely on a growing number of external vendors. According to Gartner, 60% of companies depend on over 1,000 third-party vendors, each with varying levels of access to sensitive