Total amount raised
$292.2 Millions
Latest funding date
3/1/2021
Location
SecurityScorecard has successfully raised significant capital through multiple funding rounds, with the latest being a Series E. The platform specializes in cybersecurity, offering tools to predict and remediate potential security risks.
Keep reading to explore the intricacies of SecurityScorecard's fundraising journey and the investors backing this innovative platform.
What Is SecurityScorecard?
Founded in 2013 by Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard is headquartered in New York, New York. The company specializes in providing cybersecurity ratings and solutions to help organizations manage and mitigate cyber risks.
SecurityScorecard's platform offers a range of services, including security ratings, third-party cyber risk management, and attack surface intelligence. These tools enable organizations to monitor their own security, manage third-party risks, and improve their overall cybersecurity posture.
With a workforce of 501-1000 employees, SecurityScorecard continues to be a leader in the cybersecurity industry, helping businesses worldwide protect their digital assets.
How Much Funding Has SecurityScorecard Raised?
- Seed Round
- Amount Raised: $2.2M
- Date: January 2014
- Lead Investors: Evolution Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and bring the product to market.
- Series A
- Amount Raised: $12.5M
- Date: April 2015
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the customer base.
- Series B
- Amount Raised: $20M
- Date: June 2016
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series C
- Amount Raised: $27.5M
- Date: October 2017
- Lead Investors: NGP Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $50M
- Date: June 2019
- Lead Investors: Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and product development.
- Venture Round
- Date: May 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain operations during the COVID-19 pandemic.
- Venture Round
- Date: August 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform's capabilities.
- Series E
- Amount Raised: $180M
- Date: March 2021
- Lead Investors: Silver Lake Waterman
- Valuation at Round: Close to $1 billion
- Motivation Behind the Round: To accelerate global expansion and meet increased demand for cybersecurity services.
Total Amount Raised: $292.2M. Current Valuation: Close to $1 billion.
Key Investors
- Silver Lake Waterman
- Details: Silver Lake Waterman is a late-stage growth capital fund within Silver Lake, a global leader in technology investing. They focus on providing flexible capital solutions to later-stage growth companies.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- Riverwood Capital
- Details: Riverwood Capital is a private equity firm that invests in high-growth technology and related companies. They provide capital and operational support to help companies scale.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: GoPro, Nutanix, Globant.
- NGP Capital
- Details: NGP Capital is a global venture capital firm that invests in growth-stage technology companies. They focus on connected enterprise, digital health, and smart mobility sectors.
- Investment Focus Areas: Technology, digital health, smart mobility.
- Notable Investments: Deliveroo, Lime, Scandit.
- Google Ventures (GV)
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. They invest in technology companies across various sectors, including life sciences and consumer products.
- Investment Focus Areas: Technology, life sciences, consumer products.
- Notable Investments: Uber, Slack, Nest.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that partners with founders to build enduring companies. They have a long history of investing in technology, healthcare, and consumer services sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, WhatsApp.
What's Next for SecurityScorecard?
SecurityScorecard stands at the cusp of significant growth opportunities, driven by the increasing demand for cybersecurity services. With the recent $180 million Series E funding, the company is poised to expand its platform to monitor and rate more organizations globally. The potential to develop new features and services to enhance security risk prediction and remediation is vast, especially as the company aims to rate over 20 million firms by the end of the year.
Future fundraising opportunities appear promising, given the company's nearly $1 billion valuation and the heightened importance of cybersecurity in business decision-making. Additional late-stage funding rounds or a potential IPO could be on the horizon to support further expansion and technological advancements. However, SecurityScorecard will need to navigate intense competition, rapidly evolving cyber threats, and regulatory challenges to maintain its growth trajectory.
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