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LogicGate Risk Cloud

Chicago no-code GRC platform with 30-plus applications

Overview

LogicGate was founded in Chicago in 2015 by Matt Kunkel, Jon Siegler and Dan Campbell, former GRC consultants who wanted to build better software than the point products they had worked with[20]. Its platform, Risk Cloud, is a no-code environment in which compliance and risk teams build workflows from a catalogue of more than 30 applications, including enterprise risk management, third-party risk management, cyber risk management, controls compliance and AI governance[21]. The pricing model is unusual: only Power User licences, held by people who build and administer the programme, are charged, while Standard and External users are included at no extra cost[21]. Add-ons include Risk Cloud Quantify for financial risk quantification and implementation, professional and integration services[21]. The model favours organisations with many occasional participants such as control owners and vendors. Limitations include the absence of published prices and of a total customer count; the only customer figure on the about page is 35% year-on-year growth in enterprise customers[20]. The company moved its web domain from logicgate.com to logicgate.ai.

LogicGate Risk Cloud features

  • No-code application builder
  • Graph database for risk relationships
  • Enterprise, third-party and cyber risk applications
  • Risk Cloud Quantify cyber risk quantification
  • Automated control testing
  • Config Newton agentic configuration
  • No-code workflow builder
  • 30+ applications

LogicGate Risk Cloud pricing

Component-based: each application, integration and service is priced individually, with pricing for Power Users who build and administer applications; figures on request.

LogicGate Risk Cloud strengths and limitations

Strengths

  • Pay only for applications used
  • Highly configurable without code
  • Cyber risk quantification
  • Only administrators need paid licences
  • No-code configuration
  • Risk quantification add-on

Limitations

  • Prices not published
  • Requires internal effort to design workflows
  • Fewer packaged regulatory content libraries than MetricStream
  • No published prices
  • No total customer count disclosed
  • Requires internal staff to design workflows

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