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Cybersecurity Ratings, Risk Analysis: SecurityScorecard Raises $50M

SecurityScorecard, a cybersecurity ratings and risk analysis provider, has raised $50 million in a Series D financing round led by private equity firm Riverwood Capital. The Series D financing brings SecurityScorecard’s total funding to $110 million.

Risk analysis and mitigation services are particularly important to MSPs and MSSPs — especially as such companies try to lock down their own businesses before extending such risk analysis services out to end-customers.

SecurityScorecard will use the Series D financing to expand globally, the company stated. It also will explore ways to accelerate its growth following a successful performance in 2018.

SecurityScorecard’s 2018 financial and business metrics included:

  • Doubled its customer base year over year.
  • Doubled its revenue year over year; 2018 was the fourth consecutive year in which SecurityScorecard doubled its revenue.
  • Exceeded 100 percent year-over-year annual recurring revenue growth.

SecurityScorecard recently ranked the cyber risk exposure of U.S. and European political parties. In addition, approximately 1,000 enterprises currently use the SecurityScorecard platform.

A Closer Look at SecurityScorecard’s Platform

SecurityScorecard’s platform empowers organizations to identify and resolve IT infrastructure risk, the company said. It offers a variety of security capabilities, including:

  • Security Ratings: Enables end users to view and monitor security ratings.
  • Data Analytics: Leverages security collection capabilities and advanced machine learning algorithms to identify security vulnerabilities.
  • Threat Intelligence: Collects terabytes of security data and transforms this information into intelligence that can be used to identify cyber risks and prevent exploits.

Furthermore, SecurityScorecard provides a free security scorecard to help organizations analyze their security posture across 10 risk categories. SecurityScorecard also allows users to answer security scorecard questions and receive a personalized scorecard in minutes via email.

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