Cybersecurity risk management startup RiskLens Inc. today said it has raised $20 million in new funding to fuel expansion across sales, marketing, engineering and professional services departments.

The Series B round was led by Paladin Capital Group and included Dell Technologies Capital, Osage Venture Partners, F-Prime Capital and MassMutual Ventures.

Founded in 2011, RiskLens offers cyber risk management software built on top of the Factor Analysis of Information Risk standard. That’s a model for information and operational risk that enables organizations to manage risk and quantify it in monetary terms.

The company calls its software the most comprehensive suite of applications available to enable security and risk teams to quantify, manage and report on cyber risks from the business perspective. It can not only assess cyber risk financially but also prioritize remediation efforts based on their potential cost and benefit, justify security investments based on return on investment and help manage the cost of regulatory requirements.

“RiskLens has forever changed the way large organizations assess, manage and report on cyber risk, by translating the impact of threats and vulnerabilities into the financial language of the business that everyone understands: dollars and cents,” Nick Sanna, chief executive officer at RiskLens, said in a statement.

Including the new funding, RiskLens has raised $27.2 million to date.

Image: RiskLens