The cybersecurity rating provider’s total funding rose to over $400m following a Moody’s investment reportedly valuing it at $2.4bn.
US-based cybersecurity ratings company BitSight received a $250m capital injection from credit rating provider Moody’s yesterday through a strategic partnership agreement, valuing it at $2.4bn according to TechCrunch.
BitSight provides companies with ratings of between 250 and 900 to assess their cybersecurity risk, a service likely to rise in demand amid the backdrop of escalating cyber threats such as ransomware attacks, which have cost both public and private organisations hundred of billions of dollars.
Moody’s supplied the funding through an…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
