ProcessUnity Named Winner of the Black Unicorn Awards for 2023

4 minute read

November 2023

Company recognized for having the potential to achieve a $1B valuation

ProcessUnity, provider of comprehensive end-to-end third-party risk management and cybersecurity solutions to leading enterprises, has been named winner of the Black Unicorn Awards for 2023 from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine. Demand for risk management solutions has exponentially increased, providing ProcessUnity with unique growth opportunities demonstrated through strategic market acquisitions, platform innovations and customer expansion.

“We’re pleased to name ProcessUnity as a winner among a small, elite group of cybersecurity industry leaders in our annual Black Unicorn awards,” said Judges Dr. Lindsey Polley de Lopez of, Robert R. Ackerman Jr. of, Dino Boukouris of and Gary Miliefsky of

ProcessUnity competed against many of the industry’s leading providers of cybersecurity products and services for this prestigious award. This win signifies ProcessUnity’s potential to reach a $1 billion-dollar valuation within the next one to three years. ProcessUnity closed 2022 with record-sales, citing significant software subscription growth with a solid mix of new customer wins and program expansion at existing clients. The company introduced significant updates to its Third-Party and Cybersecurity Risk solutions to better address the two biggest risks its clients face in their businesses today. Most notably, ProcessUnity acquired third-party cyber risk management company, CyberGRX, in July of this year.

“We are thrilled to see ProcessUnity acknowledged as a Black Unicorn for 2023. The proliferation of third-party breaches and supply chain attacks has generated an insatiable appetite for risk management solutions. We’re seizing this opportunity and making significant strides on our journey to becoming a ‘one stop shop’ for risk management, mitigating both third-party and cyber risks. We’ve achieved major company milestones and have made strategic product decisions that are spreading further market expansion. We’re well positioned to continue the momentum next year and beyond,” said Sean Cronin, CEO of ProcessUnity.

ProcessUnity uniquely serves both customers and third parties, delivering a single solution for third-party risk management program workflow with validated vendor assessments and artificial intelligence tools that safeguard our customer’s critical assets while significantly reducing their program costs. The ProcessUnity platform automates each part of the third-party risk lifecycle, both pre- and post-contract (work) in order to streamline an organization’s vendor due diligence workflows and accelerate vendor onboarding.

About ProcessUnity

ProcessUnity provides leading enterprises with comprehensive end-to-end third-party risk management and cybersecurity solutions. Fueled by the world’s largest cyber risk exchange database, best-in-class workflow software, artificial intelligence, predictive analytics, and threat intelligence, ProcessUnity enables organizations to quickly identify security gaps, reduce vendor onboarding and offboarding time, and proactively mitigate first- and third-party risks. As a result, organizations can more effectively

safeguard their critical assets while lowering program costs. ProcessUnity is trusted by major brands around the globe and is backed by Marlin Equity Partners. The company acquired CyberGRX in June 2023. Learn more at and

About Cyber Defense Awards

This is Cyber Defense Magazine’s 11th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2023 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards includes cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Dr. Lindsey Polley de Lopez of VentureScope, Robert R. Ackerman Jr. of Allegis Cyber, Dino Boukouris of MomentumCyber and with much appreciation to emeritus judges Robert Herjavec of Cyderes, Dr. Peter Stephenson of CDMG and David DeWalt of NightDragon. To see the complete list of winners for the Black Unicorn Awards for 2023 please visit and download The Black Unicorn Report for 2023:

About Cyber Defense Magazine

Cyber Defense Magazine is the premier source of cyber security news and information for InfoSec professions in business and government. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products, and services in the information technology industry. We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences and Cyber Defense Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at and visit and to see and hear some of the most informative interviews of many of these award winning company executives. Search for a Cybersecurity job at or post an infosec job for free, anytime. Join a webinar at and realize that infosec knowledge is power.

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About Us

ProcessUnity is a leading provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding through termination. Headquartered outside of Boston, Massachusetts, ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. For more information, visit