New York-based cybersecurity startup BlueVoyant announced last week that it has successfully closed its $82.5 million Series B financing round at a valuation of over $430 million. New and existing investors participated in the funding round, including financial services technology provider Fiserv. Including the $82.5 million from this round, BlueVoyant has raised $207.5 million to date.
BlueVoyant was co-founded by former chief operating officer of Morgan Stanley Jim Rosenthal and former chief executive officer of Thomson Reuters Tom Glocer. The startup launched its managed security services platform in in 2018, and the company now serves around 150 customers representing a cross-section of sectors: financial services, municipal government, education, manufacturing and more. Its analytics-driven cybersecurity offerings provide responsive and insightful defense against cyber attackers for businesses of all sizes with particular focus on three service areas: threat intelligence, managed security and professional services. Its headquarters in New York City are supported by offices in the Washington, D.C. metro area, San Francisco, London, Madrid, and Tel Aviv.
In a press release announcing the close of its expanded Series B round, the company noted that it plans to use this latest investment to fuel development of a cloud-base cybersecurity product platform consisting of managed security services, advanced threat intelligence and professional services. BlueVoyant also plans to use the additional funds to speed its growth in Europe and Asia by building its sales, engineering and security operations teams.
BlueVoyant co-founder and CEO Jim Rosenthal said in a statement that “this latest round of funding will enable BlueVoyant to bring corporate cyber defense capabilities to global businesses of all sizes ranging from large businesses with advanced defenses to small-medium size enterprises,” noting that the company was “delighted to expand our Series B funding round to accommodate strong investor demand."
Major investor Fiserv has similar faith in BlueVoyant’s goal, with Fiserv’s chief administrative officer Byron Vielehr stating that “the strategic alliance between Fiserv and BlueVoyant brings advanced cyber defense capabilities to banks and credit unions of all sizes…our continued investment in BlueVoyant underscores the value these capabilities can bring to our clients.”