Cybersecurity services provider BlueVoyant said on Wednesday it had raised $250m in a late-stage funding round led by Liberty Strategic Capital, a private equity firm founded by former U.S. Treasury Secretary Steven Mnuchin.
BlueVoyant is among the many cybersecurity companies which have seen valuations jump due to pandemic-led demand for their solutions amid lockdowns and worldwide adoption of hybrid work models.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Founded in 2017, BlueVoyant offers enterprise solutions to protect their organization networks, data and supply chain from third-party cyber and phishing attacks. The firm intends to use the capital raised to ramp up the development of its products and expand into new international markets.
Other investors in the series D round for the New York-based BlueVoyant include Temasek subsidiary ISTARI, Eden Global Partners and 8VC.
Last year, Devo Technology, a security analytics company, raised capital at a valuation of $1.5 billion in a funding round led by Silicon Valley venture capital firm TCV.
Source: Reuters
Can’t stop reading? Read more
GTCR eyes $1bn valuation in Cedar Gate Technologies sale process
GTCR eyes $1bn valuation in Cedar Gate Technologies sale process GTCR has kicked off the sale of...
Silver Lake and P2 Capital weigh $5bn+ sale or IPO of Blackhawk Network amid payments sector M&A surge
Silver Lake and P2 Capital weigh $5bn+ sale or IPO of Blackhawk Network amid payments sector...
Apollo exits OLB with €1.7bn sale to Crédit Mutuel, achieving rare success in German banking sector
Apollo exits OLB with €1.7bn sale to Crédit Mutuel, achieving rare success in German banking...