Total amount raised
$58.6 Millions
Latest funding date
10/1/2017
Location
Recorded Future has successfully raised significant funding over multiple rounds, culminating in its acquisition by Mastercard for $2.7 billion. The company specializes in providing real-time, actionable threat intelligence through its Intelligence Cloud Platform.
Keep reading to explore the intricacies of Recorded Future's fundraising journey and the investors backing this innovative platform.
What Is Recorded Future?
Recorded Future, founded in 2009, is headquartered in Somerville, Massachusetts. The company was established by Andy Palmer, Christopher Ahlberg, Erik Wistrand, Jan Sparud, and Staffan Truve.
Specializing in threat intelligence, Recorded Future offers a comprehensive Intelligence Cloud that indexes data from the open web, dark web, and technical sources to provide actionable insights.
With a workforce of 501-1000 employees, the company focuses on proactive cybersecurity and risk management solutions.
How Much Funding Has Recorded Future Raised?
- Series A
- Amount Raised: $2.2M
- Date: Jul 2009
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop the core technology.
- Series B
- Amount Raised: $6.7M
- Date: Jun 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product development.
- Series C
- Amount Raised: $12M
- Date: Jan 2012
- Lead Investors: Balderton Capital, Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series D
- Amount Raised: $12M
- Date: Apr 2015
- Lead Investors: REV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the Intelligence Cloud and expand customer base.
- Series E
- Amount Raised: $25M
- Date: Oct 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To extend market leadership and enhance machine learning capabilities.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: Sep 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: $21.1M
- Date: Mar 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
Total Amount Raised: $79M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a leading global venture capital and private equity firm founded in 1995. They have raised over $18 billion and invested in more than 300 companies worldwide.
- Investment Focus Areas: High-growth technology, software companies, transformative industries.
- Notable Investments: Cylance, DarkTrace, Firemon.
- REV
- Details: REV is a venture capital firm that focuses on investing in innovative technology companies. They aim to support businesses that are driving significant change in their respective fields.
- Investment Focus Areas: Technology, cybersecurity, enterprise software.
- Notable Investments: Not publicly disclosed.
- Balderton Capital
- Details: Balderton Capital is a London-based venture capital firm that invests in early-stage technology companies. They have a strong track record of supporting startups in their growth journeys.
- Investment Focus Areas: Technology, internet services, software.
- Notable Investments: Revolut, Citymapper, GoCardless.
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. They provide seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Life sciences, artificial intelligence, robotics.
- Notable Investments: Uber, Slack, Nest.
- Employee Stock Option Fund
- Details: The Employee Stock Option Fund (ESO Fund) provides liquidity solutions for employees of private companies. They help employees exercise their stock options and manage the associated financial risks.
- Investment Focus Areas: Private company stock options, employee liquidity.
- Notable Investments: Not publicly disclosed.
What's Next for Recorded Future?
Recorded Future stands at the cusp of significant growth opportunities, driven by the expanding threat intelligence market, which is projected to reach $1.8 billion by 2021. The company aims to enhance its machine learning capabilities and expand its geographical footprint, positioning itself as a leader in proactive cybersecurity solutions.
With the backing of Insight Venture Partners, future fundraising rounds seem likely to support these ambitious plans. However, the rapidly evolving cybersecurity landscape presents challenges, including staying ahead of emerging threats and integrating new technologies effectively. Competition from other market players will also be a critical factor to navigate.
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