# BitSight Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitsight-technologies

- Industry: Software
- Headquarters: Boston, US
- Website: www.bitsight.com
- Total disclosed funding: $86M
- Latest round: Series C (Sep 15, 2016)
- Investors on record: 12

## About

Founded in 2011 and based in Massachusetts, US, BitSight Technologies, Inc. is a provider of data analytics and security platform. The company was founded by Nagarjuna Venna and Stephen Boyer (CTO) and Steve Harvey serves as the CEO as of 2021. In October 2014, BitSight Technologies, Inc. completed its first acquisition, of Anubisnetworks, to expand its security products and solutions. In September 2021, the company was valued at USD 2.4 billion with its latest USD 250 million venture funding from Moody's Investors Service and acquired VisibleRisk for an undisclosed amount.
 
BitSight offers an online security platform solution that allows users to solve complex cyber risks and challenges. Its platform maps out all of an organization's IT assets and evaluates whether any of the systems are vulnerable. It detects cloud instances with incorrectly configured security settings, as well as software-as-a-service apps utilized by employees without authorization from the information technology team. The platform provides attack surface analytics, cybersecurity benchmarking, executive reporting, and financial quantification of cyber risk. The company also offers security performance and third-party risk management solutions, cyber insurance, and critical national infrastructure solutions.
 
The company plans to use the latest venture funding to expand its business reach. It has acquired VisibleRisk as a part of its growth plan.

## Funding rounds

- Series C, Sep 15, 2016, $40M — Globespan Capital Partners, Menlo Ventures, Granite Asia, Comcast Ventures, Flybridge Capital Partners, Global Venture Capital, Singtel Innov8
- Series B, Jun 25, 2015, $23M — Commonwealth Capital Ventures, Globespan Capital Partners, Menlo Ventures, Comcast Ventures, Flybridge Capital Partners, Portugal Ventures, The Perkins Fund
- Series A, May 22, 2013, $22M — Commonwealth Capital Ventures, Globespan Capital Partners, Menlo Ventures, Flybridge Capital Partners, The Perkins Fund
- Seed, Dec 7, 2012, $0.3M — Flybridge Capital Partners, Common Wealth Growth Group
- Seed, Sep 26, 2011, $1.1M — Commonwealth Capital Ventures, Flybridge Capital Partners, National Science Foundation

## Investors

- Commonwealth Capital Ventures (https://capitalatlas.ai/funds/commonwealth-capital-ventures) — Seed, Series A, Series B
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Seed, Series A, Series B, Series C
- National Science Foundation — Seed
- Common Wealth Growth Group (https://capitalatlas.ai/funds/common-wealth-growth-group) — Seed
- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series A, Series B, Series C
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series A, Series B, Series C
- The Perkins Fund (https://capitalatlas.ai/funds/the-perkins-fund) — Series A, Series B
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series B, Series C
- Portugal Ventures (https://capitalatlas.ai/funds/portugal-ventures) — Series B
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series C
- Global Venture Capital (https://capitalatlas.ai/funds/global-venture-capital) — Series C
- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Series C