What Is Cosmos Continuous Penetration Platform?
Cosmos executes more than 2.3 billion operations and identifies over 13,000 exposures every week, Bishop Fox asserts. Crunch the math, and the continuous penetration testing platform can save security teams more than 5,000 hours per year in vulnerability identification and triage, and reduce the time to remediate critical vulnerabilities by 82%, the company asserts. Key Bishop Fox customers include Google, Equifax, John Deere, Sonos and Zoom, among others.Demand for Cosmos allowed Bishop Fox to triple Annual Recurring Revenue (ARR) in 2021. Moreover, bookings rose more than 50% in Q1 of 2022 compared to Q1 of 2021. Still, actual dollar figures were not disclosed. Bishop Fox previously raised $25 million in Series A funding in 2019 from ForgePoint Capital. ForgePoint remains an investor in the business.Bishop Fox Funding: Executive Perspectives
In a prepared statement about the funding, Bishop Fox CEO Vinnie Liu said:“This capital will fuel additional innovation in our Cosmos platform, investment in our people, and expansion of Bishop Fox Academy. By further developing the best technology and talent in the industry, we will continue to define the future of offensive security. Additionally, the funding will enable us to accelerate our international expansion, extending our expertise to help even more organizations defend forward. We’re excited to partner with Carrick, an investor who shares our vision and mission.”
“Bishop Fox has one of the best reputations with customers we have ever come across, and the highest quality solutions and tech-enabled services in the cybersecurity industry. The combination of their world-class security operators, unique process, and Cosmos technology platform has enabled them to continuously improve the security posture of complex, global enterprises at scale. We are excited to partner with them to extend their leadership position and innovation in offensive security.”
"It has been a pleasure to partner with Bishop Fox on their extraordinary journey. Their demonstrated commitment to comprehensive and continuous security innovation amidst changing customer needs and the evolving threat landscape have made them the solution of choice for modern organizations, and why they are the leader in offensive security. We're excited to continue our partnership and to welcome Chris and Carrick to the board of directors."