Total amount raised
$146 Millions
Latest funding date
11/01/2022
Location
Bishop Fox has successfully raised significant funding over multiple rounds, establishing itself as a key player in the offensive security sector.
Keep reading to explore the intricacies of Bishop Fox's fundraising journey and the investors backing this innovative platform.
What Is Bishop Fox?
Bishop Fox, founded in 2005, is a leader in offensive security, providing services like penetration testing and red teaming. The company was established by Vincent Liu and Francis Brown and is headquartered in Phoenix, Arizona.
With a mission to improve security for all, Bishop Fox subjects networks and applications to real-world attacks, ensuring robust protection. The company has grown significantly, now employing over 300 professionals.
For more information, visit their official website or their profile on wellfound.com.
How Much Funding Has Bishop Fox Raised?
- Series B Funding Round
- Amount Raised: $75 million
- Date: July 14, 2022
- Lead Investors: Carrick Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve the scalability and effectiveness of Bishop Fox's Cosmos platform in managing and securing the attack surface for enterprises.
- Series B Funding Round
- Amount Raised: $46 million
- Date: November 15, 2022
- Lead Investors: WestCap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Bishop Fox's capabilities in providing automated scanning and expert-driven testing to continuously monitor the attack surface and identify potential entry points.
Total Amount Raised: $154 million
Current Valuation: Not publicly disclosed
Key Investors
- WestCap
- Details: WestCap is a growth equity firm that invests in technology-enabled companies. They focus on businesses that offer innovative solutions and have the potential for significant growth.
- Investment Focus Areas: Technology, financial services, real estate
- Notable Investments: Airbnb, StubHub, iCapital Network
- Carrick Capital Partners
- Details: Carrick Capital Partners is a private equity firm specializing in technology-enabled businesses. They aim to invest in companies that offer scalable solutions and have the potential for significant growth.
- Investment Focus Areas: Technology, healthcare, business services
- Notable Investments: Exiger, Mavenlink, Infinia ML
What's Next for Bishop Fox?
As Bishop Fox looks to the future, the opportunities are vast. The company is poised to expand its market share in the rapidly growing vulnerability management market, projected to reach $2.5 billion by 2025. Leveraging its recent funding, Bishop Fox aims to enhance its Cosmos platform, providing real-time access to testers and actionable findings, a critical need in today's dynamic IT environments.
Future fundraising opportunities seem promising, with the increasing demand for advanced security solutions. Bishop Fox could attract more investors by demonstrating the scalability and effectiveness of its offerings. However, the company will need to navigate challenges such as evolving cyber threats and strong competition from players like CyCognito and Randori.
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