SecurityScorecard Secures $50 Million in New Funding

By Phoebe Fasulo

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:

  • Double our customers
  • Double our revenue for the fourth year in a row; >100% YoY ARR growth
  • ~1000 enterprise customers actively monitoring over 150,000 companies on the SecurityScorecard platform
  • Rapidly expand our operations in EMEA and APAC with many competitive displacements
  • 14x increase in API endpoints
  • Increase our partner integrations, including Splunk, ServiceNow, and RSA Archer

If you’d like more information on our funding, please read our full press release.

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