Security ratings startup SecurityScorecard has brought its total funding to $110m thanks to a Series D round led by Riverwood Capital.
Existing SecurityScorecard investors including Evolution Equity, Intel Capital, Two Sigma, AXA Ventures and Accomplice also took part in the $50m financing round.
SecurityScorecard said the capital would be used to accelerate its “explosive” global expansion to help the company meet “spiking demand” for its security rating platform.
Company co-founder and CEO Aleksandr Yampolskiy said, “Trust and transparency are must-haves to be the industry standard for measuring security risk today. SecurityScorecard is the only security ratings provider with complete transparency and visibility into the ratings methodology.
“With transparency, unique data insights, and unmatched scoring speed and coverage, we enable any company in the world to instantly claim their scorecard, act to improve their cybersecurity posture, and invite others to do the same.”
The company says that over 2018 it had doubled its customer numbers and doubled revenue for the fourth year in a row.
Riverwood Capital co-founder and managing parter Francisco Alvarez Demalde said, “SecurityScorecard’s growth, team, and technology leadership in providing a standard for cybersecurity ratings and risk management is impressive.
“We are very enthusiastic with the long term potential of the company given the increasing importance of understanding, measuring and monitoring cybersecurity risk, and the company’s ability to build such a unique technology platform and offering for its customers.”
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