BitSight Raises $60 Million in Series D Funding

Security ratings company BitSight closed $60 million in Series D funding led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital, and Singtel Innov8.

BitSight pioneered the security ratings market in 2011 as the first company to develop a security ratings product. Today, organizations and nations worldwide use its SaaS platform to help manage third party risk, benchmark performance, underwrite cyber insurance policies, and conduct M&A due diligence. With 1,200 customers collaborating and verifying BitSight security ratings on a daily basis, the company strives to provide the largest and most engaged ecosystem possible to help users to make strategic security risk and business decisions.

BitSight plans to use the funding to continue its global expansion and extend its portfolio of market-leading security risk management solutions.