• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

BitSight raises $250M from Moody’s and acquires cyber risk startup VisibleRisk

September 13, 2021 by David Barret Leave a Comment

BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment from credit rating giant Moody’s, and acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum.

Boston-based BitSight says the investment from Moody’s, which has long warned that cyber risk can impact credit ratings, will enable it to create a cybersecurity risk platform, while the credit ratings giant said it plans to make use of BitSight’s cyber risk data and research across its integrated risk assessment product offerings.

The investment values BitSight at $2.4 billion and makes Moody’s the largest shareholder in the company.

“Creating transparency and enabling trust is at the core of Moody’s mission,” Moody’s president and CEO Rob Fauber said in a statement. “BitSight is the leader in the cybersecurity ratings space, and together we will help market participants across disciplines better understand, measure, and manage their cyber risks and translate that to the risk of cyber loss.”

Meanwhile, BitSight’s purchase of VisibleRisk, a cyber risk ratings joint venture created by Moody’s and Team8, brings in-depth cyber risk assessment capabilities to BitSight’s platform, enabling the startup to better analyze and calculate an organization’s financial exposure to cyber risk. VisibleRisk, which has raised $25 million to date, says its so-called “cyber ratings” are based on cyber risk quantification, which allows companies to benchmark their cyber risk against those of their peers, and to better understand and manage the impact of cyber threats to their businesses.

Following the acquisition, BitSight will also create a risk solutions division focused on delivering a suite of critical solutions and analytics serving stakeholders including chief risk officers, C-suite executives, and boards of directors. This division will be led by VisibleRisk co-founder and CEO Derek Vadala, who previously headed up Moody’s cyber risk group.

Steve Harvey, president and CEO of BitSight, said the company’s partnership with Moody’s and its acquisition of VisibleRisk will expand its reach to “help customers manage cyber risk in an increasingly digital world.”

BitSight was founded in 2011 and has raised a total of $155 million in outside funding, most recently closing a $60 million Series D round led by Warburg Pincus. The startup has just shy of 500 employees and more than 2,300 global customers, including government agencies, insurers and asset managers. 

BitSight, a provider of security ratings, raises $60M at a valuation of around $600M

Source Link BitSight raises $250M from Moody’s and acquires cyber risk startup VisibleRisk

David Barret
David Barret

Related posts:

  1. Mexico’s top court decriminalizes abortion in ‘watershed moment’
  2. El Salvador’s world-first adoption of bitcoin endures bumpy first day
  3. Google Workspace opens up spaces for all users
  4. Tik Tok, influencers on the clock

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Unethical Experiments: When Scientists Really Should Have Stopped What They Were Doing Immediately
  • The First Humans Were Hunted By Leopards And Weren’t The Apex Predators We Thought They Were
  • Earth’s Passage Through The Galaxy Might Be Written In Its Rocks
  • What Is An Einstein Cross – And Why Is The Latest One Such A Unique Find?
  • If We Found Life On Mars, What Would That Mean For The Fermi Paradox And The Great Filter?
  • The Longest Living Mammals Are Giants That Live Up To 200 Years In The Icy Arctic
  • Entirely New Virus Detected In Bat Urine, And It’s Only The 4th Of Its Kind Ever Isolated
  • The First Ever Full Asteroid History: From Its Doomed Discovery To Collecting Its Meteorites
  • World’s Oldest Pachycephalosaur Fossil Pushes Back These Dinosaurs’ Emergence By 15 Million Years
  • The Hole In The Ozone Layer Is Healing And On Track For Full Recovery In The 21st Century, Thanks To Science
  • First Sweet Potato Genome Reveals They’re Hybrids With A Puzzling Past And 6 Sets Of Chromosomes
  • Why Is The Top Of Canada So Sparsely Populated? Meet The “Canadian Shield”
  • Humans Are In The Middle Of “A Great Evolutionary Transition”, New Paper Claims
  • Why Do Some Toilets Have Two Flush Buttons?
  • 130-Year-Old Butter Additive Discovered In Danish Basement Contains Bacteria From The 1890s
  • Prehistoric Humans Made Necklaces From Marine Mollusk Fossils 20,000 Years Ago
  • Zond 5: In 1968 Two Soviet Steppe Tortoises Beat Humans To Orbiting Around The Moon
  • Why Cats Adapted This Defense Mechanism From Snakes
  • Mother Orca Seen Carrying Dead Calf Once Again On Washington Coast
  • A Busy Spider Season Is Brewing: Why This Fall Could See A Boom Of Arachnid Activity
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version