Total amount raised
$330 Millions
Latest funding date
12/1/2021
Location
ReliaQuest has successfully raised significant funding through multiple rounds, with notable investors including Finback Investment Partners and FTV Capital.
Keep reading to explore the intricacies of ReliaQuest's fundraising journey and the investors backing this cybersecurity platform.
What Is ReliaQuest?
ReliaQuest, founded in 2007 by Brian Murphy, is headquartered in Tampa, Florida. The company specializes in cybersecurity, offering a platform called GreyMatter that enhances security operations through AI and automation.
GreyMatter unifies security tools to improve visibility, automate incident response, and manage risk across an organization's infrastructure. ReliaQuest also provides services like Dark Web Monitoring and Digital Risk Protection.
With a workforce of 1001-5000 employees, ReliaQuest continues to grow, driven by its mission to minimize data loss and business disruptions for its clients.
How Much Funding Has ReliaQuest Raised?
- Amount Raised: $30M
- Date: June 2016
- Lead Investors: FTV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development.
- Amount Raised: $300M
- Date: August 2020
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow internationally and hire more employees.
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand and enhance the GreyMatter platform.
Total Amount Raised: $330M
Current Valuation: Not publicly disclosed
Key Investors
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm that manages multiple alternative asset classes, including private equity, credit, and real assets. The firm has a history of investing in technology and cybersecurity companies.
- Investment Focus Areas: Technology, cybersecurity, private equity, real assets.
- Notable Investments: Darktrace, KnowBe4, Ping Identity.
- Ten Eleven Ventures
- Details: Ten Eleven Ventures is a venture capital firm that specializes in cybersecurity investments. Since its founding in 2015, it has raised nearly $500 million and invested in 25 leading cybersecurity companies.
- Investment Focus Areas: Digital security, cybersecurity.
- Notable Investments: Twistlock, Verodin, Cylance.
- FTV Capital
- Details: FTV Capital is a growth equity investment firm that focuses on high-growth companies in enterprise technology and services. The firm has been investing for over two decades.
- Investment Focus Areas: Enterprise technology, services, financial services.
- Notable Investments: InvestCloud, Strata Decision Technology, VPay.
- Brian Murphy
- Details: Brian Murphy is the founder and CEO of ReliaQuest. He has a background in working at grocery stores and values a simple, pragmatic approach to business.
- Investment Focus Areas: Growth and development of ReliaQuest.
- Notable Investments: Primarily focused on ReliaQuest.
- Finback Investment Partners
- Details: Finback Investment Partners is a private equity firm that invests in high-growth companies. The firm focuses on providing strategic support to its portfolio companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for ReliaQuest?
ReliaQuest stands at the cusp of significant growth opportunities, driven by its recent $300 million funding round. The company is poised to expand internationally, with new offices in London and Dublin, and plans to hire over 100 new employees. This expansion aligns with the increasing global demand for advanced cybersecurity solutions, particularly those leveraging AI and automation.
Future fundraising opportunities appear promising as ReliaQuest continues to innovate and scale its GreyMatter platform. The company's impressive revenue growth and strong backing from investors like KKR and Ten Eleven Ventures suggest potential for additional investment rounds. However, challenges such as intense competition and the need to continuously adapt to evolving cyber threats remain. Maintaining a cohesive company culture while scaling rapidly will also be crucial for sustained success.
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