Total amount raised
$399 Million
Latest funding date
2021-09-13
Location
BitSight has successfully raised significant funding over multiple rounds, establishing itself as a key player in the cyber risk intelligence sector. The platform offers comprehensive solutions for Third-Party Risk Management, Exposure Management, Cyber Threat Intelligence, and Governance & Reporting.
Keep reading to explore the intricacies of BitSight's fundraising journey and the investors backing this innovative platform.
What Is BitSight?
BitSight is a prominent player in the cybersecurity and risk management industry. Based in Boston, MA, the company specializes in AI-powered cyber risk intelligence solutions that help organizations detect, prioritize, and mitigate threats across their attack surfaces and third-party ecosystems.
Founded to address the growing need for comprehensive cyber risk management, BitSight has earned the trust of over 3,500 global organizations. The platform offers solutions for third-party risk management, exposure management, cyber threat intelligence, and governance & reporting, leveraging a vast dataset to provide real-time insights and analytics.
How Much Funding Has BitSight Raised?
- Seed Round
- Amount Raised: USD 1,000,000
- Date: April 2011
- Grant
- Amount Raised: USD 1,000,000
- Date: January 2012
- Lead Investors: National Science Foundation
- Series A
- Amount Raised: USD 24,000,000
- Date: June 2013
- Series B
- Amount Raised: USD 23,000,000
- Date: June 2015
- Lead Investors: Comcast Ventures
- Series C
- Amount Raised: USD 40,000,000
- Date: September 2016
- Lead Investors: Notable Capital
- Series D
- Amount Raised: USD 60,000,000
- Date: June 2018
- Lead Investors: Warburg Pincus
- Corporate Round
- Amount Raised: USD 250,000,000
- Date: September 2021
- Lead Investors: Moody's Investors Service
In total, BitSight has raised USD 399,000,000 across all funding rounds.
Key Investors
- Moody's Investors Service
- Details: Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. They play a crucial role in the global capital markets by providing credit ratings, research, tools, and analysis that contribute to transparent and integrated financial markets.
- Investment Focus Areas: Financial services, risk management, data analytics
- Notable Investments: Not publicly disclosed
- Warburg Pincus
- Details: Warburg Pincus is a global private equity firm with a focus on growth investing. The firm has more than $60 billion in private equity assets under management.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: CrowdStrike, Avalara, Ant Financial
- Notable Capital
- Details: Notable Capital is a venture capital firm that invests in early to growth-stage companies. They focus on providing strategic support and capital to innovative startups.
- Investment Focus Areas: Technology, cybersecurity, enterprise software
- Notable Investments: Not publicly disclosed
- Comcast Ventures
- Details: Comcast Ventures is the venture capital affiliate of Comcast Corporation. They invest in innovative companies across a range of industries, leveraging Comcast's resources and expertise.
- Investment Focus Areas: Media, technology, consumer products
- Notable Investments: Nextdoor, Houzz, FanDuel
- National Science Foundation
- Details: The National Science Foundation (NSF) is an independent federal agency created to promote the progress of science. NSF funds research and education in science and engineering through grants, contracts, and cooperative agreements.
- Investment Focus Areas: Science, engineering, education
- Notable Investments: Not publicly disclosed
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