CyberGRX, provider of the world’s first and largest global cyber risk exchange, today announced that it has raised $30 million in Series C funding led by Scale Venture Partners.
Existing investors Aetna Ventures, Allegis Group, Bessemer Venture Partners, The Blackstone Group, ClearSky, GV, MassMutual Ventures, and TenEleven Ventures also participated in the round. In the last 12 months, CyberGRX has seen over 1,000 percent growth in both annual revenue, and in companies on the Exchange. The company will deploy the secured capital to support this explosive user growth, further extend augmentation capabilities with a market-leading analytics package, and advance the mission to build a community where enterprises can organize a collective defense against attackers. To date, CyberGRX has raised a total of $59 million in equity financing.
CyberGRX has transformed the way the market conducts third-party cyber risk management by replacing static and siloed methods with a dynamic and collaborative approach that unites third parties and their customers in the fight against cyber threats. While organizations and third parties face different challenges in…
