SecurityScorecard

Enterprise Software

Founded: 2013

Last Round Valuation: $1.04B

SecurityScorecard is a leading company specializing in cybersecurity ratings and the development of an innovative rating technology employed by businesses for self-assessment, managing third-party risks, generating board reports, and facilitating cyber insurance underwriting. By leveraging this technology, SecurityScorecard empowers organizations to enhance their resilience by efficiently identifying and resolving cybersecurity vulnerabilities throughout their outward-facing digital presence.

SecurityScorecard Overview:

SecurityScorecard is a prominent provider of cybersecurity ratings and a pioneer in developing patented rating technology. Founded in 2013, the company offers a comprehensive platform that enables organizations to assess and manage their cybersecurity risks effectively.

At its core, SecurityScorecard provides cybersecurity ratings, which are objective assessments of an organization's security posture. These ratings are based on a range of factors, including network security, application security, patching cadence, and other key indicators. The ratings help organizations gain insights into their own security performance, as well as the security posture of their third-party vendors.

One of the key features of SecurityScorecard is its patented rating technology, which utilizes a combination of data collection, advanced analytics, and machine learning algorithms. This technology continuously monitors and analyzes various data sources to generate accurate and up-to-date ratings. The platform collects data from a variety of external sources, such as public information, internet scanning, and threat intelligence feeds, to provide a comprehensive view of an organization's cybersecurity risk.

With SecurityScorecard, organizations can proactively identify and address cybersecurity risks across their externally facing digital footprint. The platform helps businesses monitor and manage their own security posture, as well as assess the security of their vendors and partners. By leveraging the insights provided by SecurityScorecard, organizations can prioritize and take action to remediate vulnerabilities, strengthen their security controls, and mitigate potential risks.

SecurityScorecard's platform also supports board reporting and cyber insurance underwriting. The ratings and insights generated by the platform can be used to communicate security performance to executive stakeholders and board members, facilitating informed decision-making and resource allocation. Additionally, the ratings serve as a valuable input for cyber insurance underwriters, enabling more accurate risk assessment and pricing.

The company serves a wide range of industries, including financial services, healthcare, technology, and manufacturing, among others. SecurityScorecard's platform is trusted by organizations of all sizes, from small businesses to large enterprises, to enhance their cybersecurity posture and reduce the risk of data breaches and cyber-attacks.

In summary, SecurityScorecard offers a comprehensive cybersecurity rating platform that empowers organizations to monitor, assess, and manage their cybersecurity risks effectively. By leveraging innovative technology and providing valuable insights, SecurityScorecard helps organizations strengthen their security defenses, protect sensitive data, and maintain a robust cybersecurity posture.

Founders:

  • Aleksandr Yampolskiy

  • Sam Kassoumeh

Top Investors:

  • Sequoia Capital

  • Accomplice

  • Google Ventures (GV)

  • Moody's Corporation

  • AXA Venture Partners

  • Intel Capital

  • NGP Capital

  • Boldstart Ventures

  • Evolution Equity Partners

  • Two Sigma Ventures

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Mar 2021 Series E $180MM $293.59MM $5.05 $1.04B Silver Lake Waterman, T. Rowe Price, Kayne Anderson Rudnick
Jun 2019 Series D $50MM $113.59MM $2.71 $396.38MM Riverwood Capital, Evolution Equity Partners, Intel Capital
Oct 2017 Series C $27.5MM $63.59MM $1.49 $187.72MM Nokia Growth Partners, Moody's, AXA Ventures
Jun 2016 Series B $20MM $36.09MM $1.03 $104.66MM GV, Sequoia Capital, Evolution Equity Partners
Feb 2015 Series A $15.1MM $16.09MM $0.63 $49.02MM Sequoia Capital, Evolution Equity Partners, Boldstart Ventures
Nov 2013 Series Seed $990.68K $990.68K $0.14 $6.6MM Evolution Equity Partners, Boldstart Venture

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