What is BitSight?
BitSight transforms how organizations manage information security risk through its proprietary Security Ratings Platform. By applying advanced algorithms to produce daily security ratings ranging from 250 to 900, the company provides actionable intelligence for critical business functions, including cyber insurance underwriting, M&A due diligence, and aggregate risk assessment. As a SaaS-based solution, BitSight has established the largest ecosystem of information and engaged users in the industry, positioning itself as an essential utility for modern enterprise risk management and digital governance.
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 National Science Foundation, Flybridge Capital Partners, 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 Commonwealth Capital Ventures, Globespan Capital Partners', National Science Foundation, Warburg Pincus, Flybridge Capital Partners', and Menlo Ventures
Series B (2015): $23M featuring Menlo Ventures, Globespan Capital Partners, Comcast Ventures, Shaun McConnon, Flybridge Capital Partners, and Commonwealth Capital Ventures
Series C (2016): $40M backed by GGV Capital, Comcast Ventures, Globespan Capital Partners, Flybridge Capital Partners, Singtel Innov8 Pte. Ltd., and Menlo Ventures
Series D (2018): $60M with participation from Warburg Pincus, GGV Capital, and Singtel Innov8
Other Financing Round (2021): $250M led by Moody's
Key Investors in BitSight
Moody's
Moody's Corporation is a global integrated risk assessment firm that provides credit research, analytics, and SaaS solutions to support institutional participants in financial markets.
Warburg Pincus
Warburg Pincus is a leading global private equity firm with deep expertise in growth investing, supporting management teams in building sustainable, long-term value across diverse market cycles.
GGV Capital
GGV Capital is a multi-stage, sector-focused global venture firm that invests in high-growth companies across enterprise tech, smart tech, and internet sectors.
What's next for BitSight?
With the infusion of $250M, BitSight is well-positioned to accelerate its product roadmap and deepen its penetration into the global enterprise market. The strategic focus will likely center on enhancing the predictive capabilities of its security ratings and expanding its footprint in the cyber insurance and third-party risk sectors. By leveraging its extensive data sets and established market authority, the company is poised to further integrate its platform into the core operational workflows of large-scale organizations, ensuring that security performance remains a transparent and quantifiable metric for stakeholders worldwide.
See full BitSight company page
