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, to help 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 is the most widely used security ratings platform. The company's focus on providing objective, data-driven security ratings positions it as a critical tool for businesses navigating an increasingly complex 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 National Science Foundation, Commonwealth Capital Ventures, and Flybridge Capital Partners
Private Equity (2013): $22.1M led by Globespan Capital Partners, Menlo Ventures, FLYBRIDGE CAPITAL PARTNERS, and Commonwealth Capital Ventures
Series A (2013): $24M supported by Commonwealth Capital Ventures, Warburg Pincus, Menlo Ventures, National Science Foundation, Globespan Capital Partners', and Flybridge Capital Partners'
Series B (2015): $23M featuring Flybridge Capital Partners, Comcast Ventures, Menlo Ventures, Commonwealth Capital Ventures, Globespan Capital Partners, and Shaun McConnon
Series C (2016): $40M backed by Flybridge Capital Partners, Singtel Innov8 Pte. Ltd., GGV Capital, Comcast Ventures, Menlo Ventures, and Globespan Capital Partners
Series D (2018): $60M with participation from Warburg Pincus, Singtel Innov8, and GGV Capital
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 analytical tools. Their investment in BitSight highlights a strategic interest in enhancing cyber risk assessment capabilities within the financial sector.
Warburg Pincus
Warburg Pincus is a leading global private equity firm specializing in growth investing. Their involvement suggests a belief in BitSight's potential for significant scaling and market leadership.
Singtel Innov8
Singtel Innov8 is the corporate venture capital arm of Singtel, focusing on investments in technology and innovation. Their backing indicates a strategic alignment with BitSight's mission in cybersecurity and digital services.
What's next for BitSight?
The substantial enterprise-level funding, including the recent strategic investment, indicates BitSight is in a strong growth phase, likely focusing on scaling its operations, expanding its product offerings, and potentially pursuing strategic acquisitions. This capital infusion will empower BitSight to further enhance its security ratings technology, broaden its market reach, and solidify its leadership position in the cybersecurity risk management sector. The company's trajectory suggests a continued emphasis on innovation and market penetration, leveraging its robust platform to address evolving cybersecurity challenges for enterprises globally.
See full BitSight company page
