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Total amount raised
$1.13B
Latest funding date
2025-03-31
Location
ReliaQuest has successfully raised funding through four rounds, with notable investors including Finback Investment Partners, FTV Capital, EQT, and Kohlberg Kravis Roberts (KKR). The most recent funding round was a Private Equity round, led by EQT, FTV Capital, and KKR.
What Is ReliaQuest?
ReliaQuest, based in Tampa, Florida, is a prominent player in the cybersecurity industry. The company offers the GreyMatter platform, which provides continuous visibility, automation, and measurement across security operations for leading global brands.
With an employee count ranging from 1001 to 5000, ReliaQuest is involved in multiple industries, including Cloud Data Services, Information Technology, Network Security, and SaaS. The company emphasizes a unique mindset driven by values such as accountability, helpfulness, adaptability, and focus.
How Much Funding Has ReliaQuest Raised?
- Private Equity Round
- Amount Raised: USD 30,000,000
- Date: June 7, 2016
- Lead Investors: FTV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of ReliaQuest's co-managed cybersecurity services platform.
- Private Equity Round
- Amount Raised: USD 300,000,000
- Date: August 25, 2020
- Lead Investors: Kohlberg Kravis Roberts (KKR)
- Participants: Ten Eleven Ventures, Brian Murphy (founder)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and enhance the GreyMatter platform.
- Private Equity Round
- Amount Raised: USD 300,000,000
- Date: December 1, 2021
- Lead Investors: Kohlberg Kravis Roberts (KKR)
- Participants: Ten Eleven Ventures, FTV Capital, Brian Murphy (founder)
- Valuation at Round: Over USD 1,000,000,000 (unicorn status)
- Motivation Behind the Round: To accelerate global expansion and continued development of the GreyMatter Open XDR platform.
- Private Equity Round
- Amount Raised: USD 500,000,000+
- Date: March 31, 2025
- Lead Investors: EQT, Kohlberg Kravis Roberts (KKR), FTV Capital
- Participants: Ten Eleven Ventures, Finback Investment Partners
- Valuation at Round: USD 3,400,000,000
- Motivation Behind the Round: To accelerate global expansion and enhance agentic AI-powered cybersecurity capabilities.
Total Amount Raised: At least USD 1,130,000,000 based on disclosed funding across all rounds. Current Valuation: USD 3,400,000,000 (as of March 2025).
Key Investors
- Finback Investment Partners
- Details: Finback Investment Partners is a private equity firm founded in 2019 and based in Coral Gables, Florida, that takes active minority interests in middle-market and growth-stage companies.
- Investment Focus Areas: Technology, Growth-Stage Companies, Middle Market
- Notable Investments: ReliaQuest (participant in 2025 round)
- FTV Capital
- Details: FTV Capital is a growth equity investment firm that partners with high-growth companies. They have a strong track record in supporting technology and service-oriented businesses.
- Investment Focus Areas: Enterprise Technology, Financial Services, Payments
- Notable Investments: ReliaQuest, InvestCloud, VPay
- EQT
- Details: EQT is a global investment organization with a focus on future-proofing companies. They invest across various sectors to drive sustainable growth and led the 2025 funding round via EQT Growth.
- Investment Focus Areas: Technology, Healthcare, Industrial Technology
- Notable Investments: Not publicly disclosed
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a leading global investment firm that manages multiple alternative asset classes. KKR first invested in ReliaQuest in 2020 and has participated in every subsequent round.
- Investment Focus Areas: Private Equity, Credit, Real Assets
- Notable Investments: Darktrace, Cylance, Lyft
- Ten Eleven Ventures
- Details: Ten Eleven Ventures is a venture capital firm that focuses exclusively on investing in digital security. They support companies that are driving innovation in cybersecurity.
- Investment Focus Areas: Cybersecurity, Digital Security
- Notable Investments: KnowBe4, Verodin, Cylance
What's Next for ReliaQuest?
ReliaQuest stands poised to capitalize on significant opportunities in the cybersecurity market. With a recent $300 million funding round, the company is set to enhance its GreyMatter platform and expand internationally. The growing demand for integrated cybersecurity solutions and the company's impressive 450% revenue growth over the past three years highlight the vast potential ahead.
Future fundraising opportunities appear promising, with continued support from major investors like KKR and Ten Eleven Ventures. These funds could further fuel ReliaQuest's global expansion and technological advancements. However, the company must navigate challenges such as intense competition and the rapidly evolving threat landscape to maintain its growth trajectory.
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