Scantist originated as a spin-off from a security research lab at Nanyang Technological University in 2016. The company develops an automated platform for managing open source software usage in application development. Their solution addresses the security and compliance challenges associated with open source components in the software supply chain. The platform focuses on the fact that up to 90% of code used in applications consists of open source components imported by developers. These components often remain unchecked and create vulnerabilities that can be exploited. Scantist's technology helps organizations identify and manage these risks while maintaining legal compliance with open source licensing requirements. The company's approach combines research-based expertise with automated tooling to provide visibility into open source dependencies. Their platform enables development teams to use open source software while managing the associated security threats and compliance obligations. Scantist serves organizations that need to secure their software supply chain and reduce the risks introduced by third-party open source components in their applications.