Cybersecurity services vendor BlueVoyant has raised $250m (£183.9m) in a funding round led by private equity firm Liberty Strategic Capital.
Founded in 2017, BlueVoyant offers data analytics and technology that helps organisations proactively defend against cyber and phishing attacks. The firm intends to use the funds raised to develop its technology and expand into new international markets.
The Series D funding round comes as demand for BlueVoyant’s cybersecurity solutions drove triple-digit growth momentum, key acquisitions, an 80% increase in customer count, and global expansion into 10 additional countries in 2021.
“When we started BlueVoyant, we knew that cybersecurity was quickly becoming one of the most significant threats businesses and government agencies face, and something our team was uniquely prepared to address,” said Jim Rosenthal, CEO, BlueVoyant. “The market demand we are seeing is tremendous and we see this trend accelerating as security professionals pivot to our outcomes-based cybersecurity solutions.”
Other backers in the Series D round for BlueVoyant include Temasek subsidiary ISTARI, Eden Global Partners, 8VC, among others.
In addition to the funds raised, secretary Mnuchin will join BlueVoyant’s board of directors.
“As cyber threats increase, BlueVoyant has positioned itself as a differentiated leader in managed detection and response, third-party cyber risk management, digital risk protection, and cybersecurity professional services,” added Mnuchin. “We’re thrilled to partner with BlueVoyant and its top-tier management team as they continue to drive growth in this critical and rapidly expanding market.”
