BlueVoyant, a cyber company known for illuminating, validating, and mitigating internal and external risks, has raised $140m in investment.
This substantial investment was led by existing investors Liberty Strategic Capital, a notable private equity firm, and ISTARI, a cybersecurity investor and advisor founded by Temasek. Eden Global Capital Partners, an affiliate of Eden Global Partners, also played a crucial role as a strategic advisor during this funding round.
The core of BlueVoyant’s offering lies in its expertise in cybersecurity. The company is renowned for providing comprehensive solutions that address the full spectrum of cyber risks. This includes the assessment, operationalization, verification, and remediation of cybersecurity threats. In a market saturated with vendors offering point solutions, BlueVoyant stands out by offering integrated, comprehensive cybersecurity solutions.
The company also acquired of Conquest Cyber, a cyber defense company with a strong track record in high-security environments. This, BlueVoyant claims, will further strengthen BlueVoyant’s capabilities. Conquest Cyber is particularly recognized for its innovative SaaS technology, which streamlines risk management across an organization’s entire cyber program, especially within the U.S. Defense Industrial Base (DIB) and Government organizations.
The funds raised will be utilized to integrate Conquest Cyber’s state-of-the-art technology into BlueVoyant’s existing suite of products and services. This strategic move aims to create a pioneering solution in the cybersecurity domain, delivering comprehensive internal and external cyber defense aligned with risk maturity. Such integration is expected to address a significant gap in the market, providing clients with the ability to assess, operationalize, validate, and mitigate cyber risks in a more effective and comprehensive manner.
James Rosenthal, CEO and co-founder of BlueVoyant, emphasized the significance of this integration. “Despite the extensive range of cybersecurity vendors, a significant gap persists in the market concerning comprehensive solutions that empower clients to assess, operationalize, validate, and mitigate risks,” he said. “The integration of BlueVoyant’s and Conquest Cyber’s capabilities addresses this shortfall, bolstering our ability to protect clients’ internal and external digital ecosystems in a more comprehensive manner.”
Jeffrey J. Engle, chairman and president of Conquest Cyber, also expressed his enthusiasm for the acquisition. “Conquest Cyber has built its powerful reputation from building technology that helps secure the sectors critical to our ways of life,” he said. “We are excited to join forces with BlueVoyant and combine our expertise to continue to ensure customers have modern solutions for their unique cybersecurity needs.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
