BlueVoyant: The Next MSSP, MDR Security Unicorn?

BlueVoyant apparently is seeking to raise $150 million, and the funding round could value the next-generation MSSP at $1.4 billion — though terms are not finalized, Bloomberg reported.

BlueVoyant, originally known as BlueteamGlobal, was formed through the combination of three cybersecurity companies and secured $125 million in financing in 2017. Fast forward to 2021, and BlueVoyant has remained very active on the funding, acquisition and business expansion fronts.

BlueVoyant: Cybersecurity Business Timeline

Among the next-generation MSSP’s business moves in 2021:

BlueVoyant’s Managed and Professional Cybersecurity Services

Roll all that activity together, and BlueVoyant’s cybersecurity services now include:

  • Third-Party Cyber Risk Management for supply chains.
  • Managed detection and response (MDR) for Microsoft 365, endpoint and Splunk environments.
  • Digital risk protection that continuously monitors domains and websites, social media, apps in official and unofficial stores, deep & dark web, instant messaging and open-source.
  • Professional services that span proactive services as well as incident response.

Among the variables we don’t know: BlueVoyant’s monthly recurring revenue (MRR) and profits (or losses). Plus, we don’t know how much of the revenue involves software-driven intellectual property vs. human-powered SOC operations. We’ll be poking around for clues that may ultimately answer those questions.

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1 Comment

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    Jim Ain’t Rosy:

    The timeline is missing some things:
    March 2020 – used covid as an excuse to cut employees salaries by 22.5%

    April 2020 – applied for a received a covid relief loan, did not restore employees salaries

    July 2020 – raised more money, still did not restore employee salaries

    January 2021 – restored employees salaries, did not offer restitution despite raising all that money and claiming their highest sales ever

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