Cybersecurity Market Review
2elXGia
2elXGia
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Raises $40M In Series C Financing.<br />
Description<br />
Founders /<br />
Management<br />
BitSight Technologies is transforming how companies manage information security risk<br />
with objective, verifiable and actionable Security Ratings. The company built its<br />
Security Rating Platform to continuously analyze vast amounts of external data on<br />
security issues and behaviors in order to help organizations manage third party risk,<br />
underwrite cyber insurance policies, benchmark performance, conduct M&A due<br />
diligence and assess aggregate risk.<br />
Stephen Boyer<br />
Co-Founder & CTO<br />
Founded 2011<br />
HQ<br />
Cambridge, Massachusetts<br />
Amount Raised $88.0M<br />
Company Overview<br />
Nagarjuna Venna<br />
Co-Founder & CPO<br />
Shaun McConnon<br />
CEO<br />
Tom Turner<br />
President & COO<br />
Transforming The Way Organizations Evaluate Risk<br />
Jacob Olcott<br />
VP Business<br />
Development<br />
SECURITY RATINGS<br />
Enhances position visibility through<br />
daily security performance ratings<br />
§ Gathers and analyzes global security<br />
outcome data to create sophisticated<br />
algorithm<br />
§ Produces objective daily security<br />
ratings, alerts changes, and provides<br />
actionable information to mitigate risk<br />
§ Improves accuracy in benchmarking,<br />
risk management, and cyber insurance<br />
applications<br />
Product Overview<br />
Funding Summary: $88.0M<br />
DISCOVER<br />
Follows outside-in model to uncover<br />
and pinpoint potential risks<br />
§ Identifies third and fourth party<br />
connections in vast network of<br />
vendors and service providers<br />
§ Highlights precise point of failure in<br />
supply chain<br />
§ Assesses dependencies in an<br />
organization’s network and returns a<br />
comprehensive analysis of risk<br />
aggregation<br />
Date Stage Amount Raised ($M) Selected Investors<br />
INTEGRAL TO <br />
BUSINESS DECISIONS <br />
PROVEN FOR <br />
MANAGING RISK <br />
HIGHEST QUALITY <br />
DATA <br />
FAIR & <br />
OBJECTIVE <br />
Sept 2016<br />
Jun 2015<br />
Series C<br />
Series B<br />
23.0<br />
40.0<br />
Jun 2013<br />
Series A<br />
24.0<br />
HISTORICAL PERFORMANCE <br />
MEASUREMENT <br />
RESPONSIBLE DATA <br />
STEWARDSHIP <br />
UNPARALLELED <br />
CUSTOMER SUCCESS <br />
NATIONAL SCIENCE <br />
FOUNDATION (NSF) BACKING <br />
Apr 2011<br />
Seed<br />
1.0<br />
27
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