UPDATED 09:00 EST / JUNE 13 2019

SECURITY

Security ratings firm SecurityScorecard raises $50M

Security ratings firm SecurityScorecard Inc. has raised $50 million in a late-stage funding round in a bid to expand globally.

The Series D round was led by Riverwood Capital and included Evolution Equity, Intel Capital, Two Sigma, AXA Ventures and Accomplice. The new funding brings the total the company has raised to $110 million. Previous rounds include $20 million in June 2016 and $27.5 million in October 2017.

Founded in 2013, SecurityScorecard offers accurate ratings of security risks for organizations worldwide. Offered with a custom-built software-as-a-service platform, SecurityScorecard helps enterprises gain operational command of their security posture and, more notably in the age of third-party hacks, that of their partners and vendors as well.

The company’s platform provides continuous monitoring with a range of critical data points it claims are not available from any other service provider. At its core, the platform displays the weaknesses that an attacker would see when scouting for potential attack vectors.

That includes network configuration issues, poorly secured endpoints and vulnerable applications. The platform also displays “secondary threat indicators,” such as if an organization’s name has come up in hacker forums recently.

The company claimed it’s the only security ratings provider to have scored more than 1 million companies, a considerable figure for a security startup of any sort.

“SecurityScorecard is the only security ratings provider with complete transparency and visibility into the ratings methodology,” co-founder and Chief Executive Aleksandr Yampolskiy said in a statement. “With transparency, unique data insights, and unmatched scoring speed and coverage, we enable any company in the world to instantly claim their scorecard, act to improve their cybersecurity posture, and invite others to do the same.”

Image: SecurityScorecard

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