Enterprise cybersecurity startup BlueVoyant raises $82.5M at a $430M+ valuation
The pace of malicious hacks and security breaches is showing no signs of slowing down, and spend among enterprises to guard against that is set to reach $124 billion this year. That’s also having a knock-on effect on the most innovative cybersecurity startups, which continue to raise big money to grow and meet that demand.
In the latest development, a New York startup called BlueVoyant — which provides managed security, professional services and, most recently, threat intelligence — has picked up $82.5 million in a Series B round of funding at a valuation in excess of $430 million.
The funding is coming from a range of new and existing investors that includes Fiserv, the fintech giant that’s acquiring First Data for $22 billion. (The startup is not disclosing any other names at this time, it said.) It has raised $207.5 million to date.
BlueVoyant has a notable pedigree that goes some way to explaining how the idea for the startup first germinated.
Co-founder and CEO Jim Rosenthal met his co-founder Tom Glocer (the former CEO of Thomson Reuters) when Rosenthal was COO of Morgan Stanley and Glocer was a director at the financial services giant (Glocer is still on