What is BitSight?
BitSight transforms how organizations manage information security risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900. This enables organizations to effectively manage third-party risk, underwrite cyber insurance policies, benchmark performance, conduct M&A due diligence, and assess aggregate risk. With over 1,200 customers and the largest ecosystem of information and engaged users, BitSight has established itself as the most widely adopted security ratings platform in the industry, providing critical insights into the cyber posture of companies worldwide.
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 Globespan Capital Partners, Menlo Ventures, Commonwealth Capital Ventures, and FLYBRIDGE CAPITAL PARTNERS
Series A (2013): $24M supported by Flybridge Capital Partners', Menlo Ventures, Warburg Pincus, National Science Foundation, Commonwealth Capital Ventures, and Globespan Capital Partners'
Series B (2015): $23M featuring Flybridge Capital Partners, Comcast Ventures, Globespan Capital Partners, Menlo Ventures, Commonwealth Capital Ventures, and Shaun McConnon
Series C (2016): $40M backed by Singtel Innov8 Pte. Ltd., Globespan Capital Partners, Menlo Ventures, Comcast Ventures, Flybridge Capital Partners, and GGV Capital
Series D (2018): $60M with participation from Singtel Innov8, GGV Capital, and Warburg Pincus
Other Financing Round (2021): $250M led by Moody's
Key Investors in BitSight
Moody's
Moody's Corporation is an integrated risk assessment firm that provides credit ratings, research, and analytics. Their investment in BitSight highlights a strategic interest in enhancing cyber risk assessment capabilities within the financial and corporate sectors.
GGV Capital
GGV Capital is a global venture firm investing in social/internet, enterprise tech, and smart tech. Their backing of BitSight indicates a focus on enterprise technology solutions that address critical business risks.
Warburg Pincus
Warburg Pincus is a leading global private equity firm specializing in growth investing. Their investment in BitSight underscores the company's strong growth potential and market position in the cybersecurity sector.
What's next for BitSight?
The substantial enterprise-level funding BitSight has garnered, including its most recent strategic investment, positions the company for accelerated growth and market leadership. This capital infusion is anticipated to drive advancements in its core security ratings technology, expand its customer base, and potentially explore new verticals within the cybersecurity landscape. The company's trajectory suggests a focus on enhancing its platform's capabilities for risk assessment and cyber insurance underwriting, further solidifying its role as a critical tool for businesses navigating an increasingly complex threat environment.
See full BitSight company page
