-Cybersecurity providers supplier BlueVoyant mentioned on Wednesday it had raised $250 million in a late-stage funding spherical led by Liberty Strategic Capital, a personal fairness agency based by former U.S. Treasury Secretary Steven Mnuchin.
The New York-based firm raised the brand new capital at a valuation of over $1 billion, in accordance with an individual aware of the matter.
BlueVoyant is among the many many cybersecurity corporations which have seen valuations leap as a consequence of pandemic-led demand for his or her options amid lockdowns and worldwide adoption of hybrid work fashions.
Based in 2017, BlueVoyant provides enterprise options to guard their group networks, information and provide chain from third-party cyber and phishing assaults. The agency intends to make use of the capital raised to ramp up the event of its merchandise and broaden into new worldwide markets.
Different traders within the sequence D spherical embrace Temasek-backed ISTARI, Eden World Companions and 8VC.
Final yr, Devo Expertise, a safety analytics firm, raised capital at a valuation of $1.5 billion in a funding spherical led by Silicon Valley enterprise capital agency TCV.
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