What does ReliaQuest do?
ReliaQuest provides an AI-powered security operations platform called GreyMatter, which integrates with over 200 cybersecurity tools. This platform enables security teams to leverage existing and future technology stacks to detect, contain, investigate, and respond to cyber threats swiftly while automating mundane cybersecurity tasks.
How much did they raise?
The company raised over $500M in a funding round led by EQT, KKR, and FTV Capital, with participation from Ten Eleven Ventures and Finback Investment Partners. The funding valued the company at $3.4 billion.
What are their plans for the money?
ReliaQuest intends to use the funds to fuel its continued growth and further its international expansion, aiming to enhance its product offerings and broaden its market reach in cybersecurity.
What have they achieved so far?
Since its previous funding round in 2020, ReliaQuest has achieved significant progress by growing its Annual Recurring Revenue more than fourfold, recently surpassing $300 million, and maintaining a growth rate of over 30 percent year-over-year while operating profitably.
