BlueVoyant Raises $250 Million Series D Led by Liberty Strategic Capital
PR94653
NEW YORK, February 23, 2022, /PRNewswire=KYODO JBN/--
Demand for BlueVoyant’s cybersecurity solutions drives triple-digit growth
BlueVoyant, an industry-leading internal and external cyber defense platform,
announced today the close of its Series D round. Liberty Strategic Capital, a
private equity firm founded and led by former U.S. Secretary of the Treasury
Steven T. Mnuchin, led the $250-million round with participation from new
investors as well as existing investors, including ISTARI (a Temasek company),
Eden Global Partners (a New York-based growth equity investment firm), and 8VC,
among others. Eden’s registered broker-dealer affiliate, Eden Global Capital
Partners, served as a strategic advisor and together with Morgan Stanley as
co-placement agent for the round. Secretary Mnuchin will join BlueVoyant’s
Board of Directors.
This investment will enable the firm to continue deepening its advanced
technical capabilities, accelerate its global expansion, and build upon a
record-setting 2021 [
that included triple-digit growth momentum, key acquisitions, and an 80%
increase in customer count. In addition, in 2021, the company increased its
existing global footprint by expanding into more than 10 countries. Since 2018,
BlueVoyant has grown annual recurring revenues at 117% on average.
“When we started BlueVoyant, we knew that cybersecurity was quickly becoming
one of the most significant threats businesses and government agencies face,
and something our team was uniquely prepared to address,” said Jim Rosenthal,
CEO, BlueVoyant. “In just over four years, we have grown to more than 560
employees, and have earned the trust of more than 700 customers. The market
demand we are seeing is tremendous and we see this trend accelerating as
security professionals pivot to our outcomes-based cybersecurity solutions.”
Said Tom Glocer, executive chairman and co-founder of BlueVoyant: “As lead
director at two Fortune 100 companies, I see the growing demand for advanced
cybersecurity solutions. This demand will only grow over the coming years, and
BlueVoyant is uniquely equipped to meet both the internal and external needs of
organizations large and small.”
Despite an exhaustive array of cybersecurity tools available on the market,
cyber defenders continue struggling to stop adversaries from stealing their
intellectual property and customer data, prevent ransomware attacks, and keep
their networks and business systems operational. BlueVoyant’s renowned team
comes from some of the most advanced cyber defense environments
[https://www.bluevoyant.com/cybersecurity-experts/] in the world, including
government agencies, defense, and mission-critical enterprises.
BlueVoyant’s vision is to give cyber defenders the advantage over attackers by
delivering the technology, telemetry, and expertise required to defend against
sophisticated cyber attacks. The company’s approach is outcomes-based and its
technology is purpose-built to converge internal and external cybersecurity
capabilities into a single, unified platform. All backed by elite cybersecurity
experts who know how to deploy, defend, and respond.
“As cyber threats increase, BlueVoyant has positioned itself as a
differentiated leader in managed detection and response, third-party cyber risk
management, digital risk protection, and cybersecurity professional services,”
said Secretary Mnuchin. “We’re thrilled to partner with BlueVoyant and its
top-tier management team as they continue to drive growth in this critical and
rapidly expanding market.”
BlueVoyant plans continued expansion of its key lines of business, which
include:
- Managed Detection and Response [
https://www.bluevoyant.com/platform/managed-detection-and-response/] — 24/7
detection and response inside customer networks and endpoints
- Third-Party Cyber Risk Management [
https://www.bluevoyant.com/platform/3rd-party-cyber-risk-management/] — supply
chain and investment portfolio defense
- Digital Risk Protection [
https://www.bluevoyant.com/platform/digital-risk-protection/] — real-time
visibility of the external threats
- Professional Services [https://www.bluevoyant.com/platform/professional/] —
mission-critical cybersecurity services
About BlueVoyant
At BlueVoyant, we recognize that effective cybersecurity requires active
prevention and defense across both your organization and supply chain. Our
proprietary data, analytics, and technology, coupled with deep expertise, work
as a force multiplier to secure your full ecosystem.
Accuracy. Actionability. Timeliness. Scalability.
Founded in 2017 by former Fortune 500 and former government cyber officials,
BlueVoyant is headquartered in New York City and has personnel in Washington,
D.C., Maryland, San Francisco, Israel, Philippines, Canada, U.K., Spain,
Australia, Hungary, Czech Republic, Romania, Slovakia, Netherlands, Belgium,
Germany, Sweden, Denmark, El Salvador, Colombia, Mexico, and Panama. Visit
www.bluevoyant.com.
About Liberty Strategic Capital
Liberty Strategic Capital is a Washington, D.C.-based private equity firm
focused on strategic investments in technology, financial services and fintech,
and new forms of content. The firm was founded in 2021 and is led by former
Secretary of the Treasury Steven T. Mnuchin. Liberty’s portfolio includes
significant investments in the cybersecurity technology firms Cybereason and
Contrast Security, as well as an investment in the satellite technology firm
Satellogic.
The BlueVoyant investment will be Liberty Strategic Capital’s fourth investment
since its founding earlier last year. As Secretary of the Treasury and a
member of the National Security Council, Secretary Mnuchin helped shape the
U.S. government’s approach to cyber threats, including supervising the design
of new economic sanctions targeting Iranian, Russian, and North Korean cyber
attackers, and transnational cyber criminals, and using sanctions authorities
to combat ransomware attacks. Secretary Mnuchin was also the U.S. government’s
lead official responsible for cybersecurity across the financial services
sector. In that capacity, he worked directly with top U.S. regulators and chief
executives of the largest U.S. financial institutions on cybersecurity
preparedness, regulatory coordination, and incident response. In addition,
Secretary Mnuchin led the modernization of technology and data security within
the Internal Revenue Service to better protect the single largest collection of
sensitive personal financial data in the country.
Liberty Managing Director Michael D’Ambrosio, a former assistant director of
the United States Secret Service with deep experience in national security
issues, played a key role in this investment. Mr. D’Ambrosio will play a
leading role in Liberty’s efforts to provide strategic assistance to BlueVoyant
by joining its strategic advisory board.
About Eden Global Partners
Eden Global Partners LLC is a long-term focused investment firm that partners
with market-leading companies in high-growth sectors as a direct investor and
strategic financing partner. As a growth equity investor, Eden Global provides
scaling businesses with differentiated, permanent capital. Through its
affiliate, Eden Global Capital Partners LLC, a registered broker-dealer and
FINRA member firm, Eden Global has the unique ability to leverage a network of
like-minded long-term oriented family offices, pension funds, sovereign wealth
funds, and other capital partners to facilitate strategic capital solutions.
About ISTARI
Established in 2020 by Temasek, an investment company headquartered in
Singapore, ISTARI has a unique model. It is an advisory practice, investor and
educator through its Academy, developed and delivered in collaboration with
Columbia University, School of International and Public Affairs. ISTARI
harnesses the collective power of the world’s leading cybersecurity companies,
experts, and knowledge to work alongside clients on their journey to build
cyber resilience.
The ISTARI Collective includes Sygnia, Ensign InfoSecurity (EIS), BlueVoyant,
Claroty, Armis, Prevalent AI, and VisibleRisk. Headquartered in London, ISTARI
has a global presence in the US, Europe and Singapore. To learn more, please
visit https://istari-global.com/.
BlueVoyant Press Contact
Jennifer Schlesinger
T: +1 201.397.4976
E: jenny.schlesinger@bluevoyant.com
Eden Global Partners Press Contacts
Will Braun and Sydney Gever
Abernathy MacGregor
T: +1 212.371.5999
E: whb@abmac.com / sng@abmac.com
ISTARI Press Contact
Elliot Gooch
T: +44 07906318535
E: elliotg@allisonpr.com
Source: BlueVoyant
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