What is BitSight?
BitSight transforms how organizations manage information security risk through its proprietary Security Ratings Platform. By applying sophisticated algorithms to produce daily security ratings ranging from 250 to 900, the company enables enterprises to manage third-party risk, underwrite cyber insurance policies, and conduct M&A due diligence. With a robust ecosystem of over 1,200 customers, BitSight has established itself as the industry standard for benchmarking performance and assessing aggregate risk in an increasingly complex digital threat environment.
How much funding has BitSight raised?
BitSight has raised a total of $420.5M across 7 funding rounds:
Other Financing Round
$1.4M
Private Equity
$22.1M
Series A
$24M
Series B
$23M
Series C
$40M
Series D
$60M
Other Financing Round
$250M
Other Financing Round (2011): $1.4M with participation from Flybridge Capital Partners, National Science Foundation, and Commonwealth Capital Ventures
Private Equity (2013): $22.1M led by FLYBRIDGE CAPITAL PARTNERS, Menlo Ventures, Commonwealth Capital Ventures, and Globespan Capital Partners
Series A (2013): $24M supported by Menlo Ventures, Commonwealth Capital Ventures, Warburg Pincus, National Science Foundation, Globespan Capital Partners', and Flybridge Capital Partners'
Series B (2015): $23M featuring Comcast Ventures, Shaun McConnon, Menlo Ventures, Flybridge Capital Partners, Commonwealth Capital Ventures, and Globespan Capital Partners
Series C (2016): $40M backed by Menlo Ventures, Singtel Innov8 Pte. Ltd., Flybridge Capital Partners, Globespan Capital Partners, Comcast Ventures, and GGV Capital
Series D (2018): $60M with participation from Singtel Innov8, Warburg Pincus, and GGV Capital
Other Financing Round (2021): $250M led by Moody's
Key Investors in BitSight
Warburg Pincus
A leading global private equity firm renowned for its expertise in growth investing and supporting management teams in building long-term, sustainable success.
GGV Capital
A global venture firm that invests in local founders across seed-to-growth stages, with a strong focus on enterprise tech and smart technology sectors.
Moody's
An integrated risk assessment firm that provides credit research, analytics, and SaaS solutions to support institutional participants in global financial markets.
What's next for BitSight?
The infusion of capital positions BitSight to further scale its data infrastructure and expand its influence within the global cyber insurance and risk assessment markets. As the company moves beyond its initial growth phases, the focus shifts toward deepening its integration with institutional financial workflows and enhancing its predictive analytics capabilities. By leveraging its extensive user base and proprietary data sets, BitSight is well-positioned to define the next generation of automated security governance and risk quantification for the enterprise sector.
See full BitSight company page
