Posted on Jun 13, 2019
We have some exciting news to share with everyone! This is a big day for SecurityScorecard, as we’ve recently secured $50 million in funding, bringing our total funding to date to $110 million. This funding, coupled with our previous investments, will allow us to continue aggressively expanding our product suite and platform.
This series D financing round was led by Riverwood Capital. The firm specializes in partnering with proven high-growth tech-enabled businesses and helping them scale and become world-class organizations. Joe De Pinho, Vice President of Riverwood Capital, will also be joining SecurityScorecard’s Board of Directors. Our existing investors, such as Evolution Equity, Intel Capital, Two Sigma, AXA Ventures, Accomplice, among others, also participated in the round.
As the security ratings industry continues to grow globally, this investment will help us meet the ever-changing demand. Presently, our security ratings services are used in over 175 countries, across a variety of use cases, including insurance underwriting, due diligence, reputation management and vendor risk management, to name a few.
Our platform has provided over 1 million companies with their security rating, and because of this have an incredible amount of historical data to contextualize cybersecurity risk. Along with hitting this industry-leading benchmark, in 2018 we were also able to:
If you’d like more information on our funding, please read our full press release.
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