CISO Tribune

Vendor comparison · 2 companies

Prevalent vs Third Wave Innovations

Prevalent is third-party risk management software that the company markets as Mitratech Prevalent, a unified, AI-powered product for assessing, monitoring and remediating risk across the vendor and supplier lifecycle. Third Wave Innovations helps growing businesses understand cyber risk, reduce exposure, stay insurable, and recover when something goes wrong. CISO Tribune files both under Third-party risk and security ratings. This page sets the two records side by side: what each sells, where it is based, who owns and funds it, the customers it names and its recent news, each fact numbered to its source.

Change the companies

Up to four companies side by side.

  • Prevalent
  • Third Wave Innovations
Prevalent vs Third Wave Innovations: Products, Customers and Funding Compared
PrevalentPrevalent is third-party risk management software that the company markets as Mitratech Prevalent, a unified, AI-powered product for assessing, monitoring and remediating risk across the vendor and supplier lifecycle.prevalent.netThird Wave InnovationsThird Wave Innovations helps growing businesses understand cyber risk, reduce exposure, stay insurable, and recover when something goes wrong.3rdwave.io
What it sells
  • Mitratech Prevalent[3]Third-party risk management software combining AI-powered risk assessments with continuous monitoring and remediation across the third-party lifecycle.
  • Security Awareness Training[1][5]Training that builds employee cyber knowledge and meets compliance training requirements.
Categories
Headquarters
Not stated on its pagesNot stated on its pages
Founded
Not stated on its pagesNot stated on its pages
Ownership and funding
Owned by Mitratech since 2024[2][3][6]Not stated on its pages
Named customers
Not stated on its pagesNot stated on its pages
Recent news
  • August 19, 2026Prevalent AI announced it has raised a growth investment.[4]
  • August 19, 2026Prevalent AI raised a $22 million round, its first outside capital in nine years.[5]
Not stated on its pages
G2 and Gartner Peer Insights
  • G2: listed, seen November 3, 2026[6]
  • Gartner Peer Insights: Not stated on its pages
  • G2: Not stated on its pages
  • Gartner Peer Insights: Not stated on its pages
Who it fits
From its own pages, Prevalent sells mainly to organizations that manage many vendors and suppliers and have outgrown spreadsheets, shared drives and email chains. Its pages address teams facing evolving compliance requirements and teams that need to demonstrate due diligence on vendors to auditors. Prevalent describes a central system for communication and accountability between internal stakeholders and suppliers. Expert managed services are offered for organizations that want to mature their TPRM program.From its own pages, Third Wave Innovations sells mainly to growing businesses, including small and midsized organizations without a full security team. The pages describe customers such as a mid-sized technology company operating in the healthcare space, a services-based organization, and a manufacturing company. Third Wave Innovations aligns security controls with what insurers expect, so organizations that want to maintain cyber insurance coverage and pass underwriting are part of its audience. Security Awareness Training addresses the training requirements of compliance standards including SOC2, PCI DSS, and HIPAA. Automated Detection & Response works with existing tools for network, identity, cloud, endpoint, and office productivity.
Last verified
November 2, 2026October 19, 2026

Where they overlap

  • Prevalent and Third Wave Innovations are both filed under Third-party risk and security ratings.

Where they differ, field by field

  • Prevalent's primary category is Third-party risk and security ratings; Third Wave Innovations's is MDR and managed SOC.
  • Third Wave Innovations is also filed under Security awareness training and Vulnerability management.
  • Prevalent lists Mitratech Prevalent. Third Wave Innovations lists Security Awareness Training.
  • Prevalent is owned by Mitratech, since 2024.

What it sells: Prevalent

What Mitratech Prevalent does[3]
Mitratech Prevalent addresses risks across the entire third-party vendor and supplier lifecycle, from onboarding to offboarding. It combines automated risk assessments with continuous monitoring and remediation management. It is backed by vendor intelligence networks with standardized risk reports on thousands of companies, plus expert managed services.

What it sells: Third Wave Innovations

What Security Awareness Training does[1][5]
Security Awareness Training offers a library of over 200 short videos available in multiple languages. It includes customizable phishing simulations and pre-designed courses with dashboards and reports for tracking employee progress. It addresses training requirements of compliance standards including SOC2, PCI DSS, and HIPAA.

Questions about Prevalent and Third Wave Innovations

What do Prevalent and Third Wave Innovations sell?
Prevalent sells Mitratech Prevalent. Third Wave Innovations sells Security Awareness Training.
Are Prevalent and Third Wave Innovations in the same category?
They share Third-party risk and security ratings. Prevalent's primary category is Third-party risk and security ratings and Third Wave Innovations's is MDR and managed SOC.
Who owns Prevalent and Third Wave Innovations?
Prevalent is owned by Mitratech, since 2024.
Who are Prevalent and Third Wave Innovations sold to?
From its own pages, Prevalent sells mainly to organizations that manage many vendors and suppliers and have outgrown spreadsheets, shared drives and email chains. From its own pages, Third Wave Innovations sells mainly to growing businesses, including small and midsized organizations without a full security team.
What have Prevalent and Third Wave Innovations announced recently?
August 19, 2026: Prevalent AI announced it has raised a growth investment.

About Prevalent

Prevalent is third-party risk management software that the company markets as Mitratech Prevalent, a unified, AI-powered product for assessing, monitoring and remediating risk across the vendor and supplier lifecycle.

The company describes the problem it addresses as follows: cyber-attacks are increasingly traced back to third parties, privacy concerns are driving new regulations, and disruptions continue to affect global supply chains. Prevalent says that manually collecting, analyzing and reporting on risk data across a growing vendor base is inefficient, error-prone and costly.

Mitratech Prevalent combines automated risk assessments with continuous monitoring and remediation across the full third-party lifecycle, from onboarding to offboarding. The product is backed by vendor intelligence networks that give on-demand access to standardized risk reports on thousands of companies. Expert managed services are offered to help mature TPRM programs.[1]

The product covers the lifecycle in stages. Prevalent centralizes the distribution, comparison and management of RFPs and RFIs in the vendor sourcing process. Prevalent onboards new vendors with a simple intake form available to all internal users and builds a single source of truth for each vendor, centralizing contracts and risk data. Prevalent lets teams establish and track SLAs, KPIs and KRIs.

Prevalent tiers and categorizes vendors by calculating inherent and residual risk scores based on the likelihood and potential impact of security, compliance and operational incidents. Prevalent correlates assessments with continuous monitoring of cyber threats, business risks, financial problems, regulatory findings and reputational concerns. Prevalent offers a library of 800+ assessment templates, uses AI to complete new third-party risk assessments automatically, and provides built-in recommendations to reduce risk.

Prevalent automates contract assessments and offboarding procedures. Prevalent lets users customize reporting and dashboards to visualize risk trends and create executive-ready reports.

Prevalent says automation and standardized workflows speed up vendor onboarding and reduce risk assessment turnaround from weeks to days. Prevalent positions the software for organizations that have outgrown spreadsheets, shared drives and email chains.[1]

Prevalent on the record

Sources

Prevalent full record

  1. [1]prevalent.netMitratech · prevalent.net · published September 4, 2026 · Tier A
  2. [2]Mitratech solidifies position in enterprise risk software connecting ai enabled third party risk management business continuity planning moreMitratech Holdings Inc. via GlobeNewswire · globenewswire.com · published October 2, 2024 · Tier A
  3. [3]Prevalent | Third-Party Risk Management (TPRM) SoftwarePrevalent · undated page, accessed October 27, 2026 · Tier A
  4. [4]Prevalent AI Raises Growth Investment as Demand forGlobeNewswire · published August 19, 2026 · Tier A
  5. [5]Prevalent AI raises first outside capital in nine years with $22M roundSiliconANGLE · published August 19, 2026 · Tier B
  6. [6]Mitratech Prevalent Reviews 2026: Details, Pricing, & Features | G2G2 · undated page, accessed October 27, 2026 · Tier C

Third Wave Innovations full record

  1. [1]3rdwave.ioThird Wave Innovations · 3rdwave.io · undated page, accessed October 19, 2026 · Tier A
  2. [2]About Us | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  3. [3]Home | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  4. [4]Case Studies | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  5. [5]Security Awareness Training | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A

Spot a factual error? Request a correction.