How Much Did BitSight Raise? Headquarters, Funding & Key Investors

BitSight, a Boston-based cybersecurity and risk management company, has raised $398 million in total funding across multiple rounds. The company’s Series E round in September 2021, led by Moody’s Investors Service, brought in $250 million, valuing BitSight at $2.4 billion. Founded in 2011, BitSight specializes in cyber risk management, security ratings, and third-party risk intelligence. With strong backing from Warburg Pincus, Notable Capital, and Comcast Ventures, BitSight uses AI-driven analytics to empower organizations in sectors like finance, healthcare, and education to identify, assess, and mitigate cyber threats effectively.

How Much Did BitSight Raise? Funding & Key Investors

BitSight provides a cloud-based cyber risk management platform that enables organizations to measure, monitor, and manage their cybersecurity posture. Its platform delivers data-driven insights through exposure management, cyber threat intelligence, and third-party risk management tools.

The company serves over 3,300 global enterprises across industries like financial services, retail, healthcare, education, and manufacturing. By combining extensive datasets with AI and machine learning, BitSight offers actionable intelligence that strengthens enterprise resilience and reduces digital risk exposure.

What Is BitSight and What Does It Do?

BitSight, founded in 2011 and headquartered in Boston, United States, is a leading cybersecurity intelligence company specializing in cloud-based cyber risk management and security ratings.

With a team of 396 employees (as of December 2023), BitSight helps businesses assess and improve their cybersecurity performance.

Its solutions include cyber risk management, insurance underwriting, exposure analytics, and compliance reporting tailored to sectors like finance, retail, and healthcare. BitSight’s AI-powered platform provides visibility into third-party vulnerabilities, enabling businesses to proactively mitigate cyber threats across their entire ecosystem.

How Much Funding Has BitSight Raised?

1. Seed Round

Amount Raised: $1M
Date: April 2011
Motivation: To develop its initial cyber risk management platform.

2. Grant

Amount Raised: $1M
Date: January 2012
Lead Investors: National Science Foundation
Motivation: To fund early-stage research and product innovation.

3. Series A

Amount Raised: $24M
Date: June 2013
Motivation: To expand operations and product development.

4. Series B

Amount Raised: $23M
Date: June 2015
Lead Investors: Comcast Ventures
Motivation: To accelerate growth and scale customer acquisition.

5. Series C

Amount Raised: $40M
Date: September 2016
Lead Investors: Notable Capital
Motivation: To enhance analytics capabilities and grow enterprise adoption.

6. Series D

Amount Raised: $60M
Date: June 2018
Lead Investors: Warburg Pincus
Motivation: To expand globally and strengthen cyber intelligence infrastructure.

7. Series E (Corporate Round)

Amount Raised: $250M
Date: September 2021
Lead Investors: Moody’s Investors Service
Motivation: To expand BitSight’s cyber risk data capabilities and strategic integrations.

Total Funding Raised: $398 Million

Current Valuation: $2.4 Billion (as of September 2021)

Latest Funding Date: September 2021

Key Investors

1. Moody’s Investors Service

Details: A global leader in credit ratings, risk analysis, and financial intelligence that supports transparency in capital markets.
Investment Focus Areas: Financial services, analytics, data-driven insights.
Notable Investments: Team8 Partners II, ICRA Limited, QuantCube Technology, SecurityScorecard..

2. Warburg Pincus

Details: A global private equity firm managing over $60B in assets, specializing in growth investments across key sectors.
Investment Focus Areas: Technology, healthcare, financial services, energy, consumer products.
Notable Investments: CrowdStrike, Avalara, Ant Financial.

3. Notable Capital

Details: Venture capital firm supporting early to growth-stage technology and healthcare innovators.
Investment Focus Areas: Technology, healthcare, consumer products.
Notable Investments: Affirm, Airbnb, HashiCorp, Quince.

4. Comcast Ventures

Details: The venture arm of Comcast Corporation is investing in next-generation media and technology startups.
Investment Focus Areas: Media, technology, enterprise solutions, consumer platforms.
Notable Investments: Nextdoor, Houzz, FanDuel.

Where Is BitSight’s Headquarters?

BitSight’s headquarters is located in Boston, Massachusetts, a leading hub for cybersecurity and tech innovation. Boston’s proximity to top-tier research institutions and a highly skilled tech workforce provides BitSight with access to deep technical expertise and a strong cybersecurity ecosystem, fueling continuous innovation in risk intelligence.

What’s Next for BitSight?

BitSight is focused on expanding its cybersecurity data analytics capabilities and strengthening partnerships with insurers and financial institutions. With Moody’s as a strategic investor, the company aims to integrate cyber risk insights into financial decision-making frameworks.

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