SecurityScorecard raises $180 mn led by Silver Lake Waterman

Cybersecurity ratings firm SecurityScorecard has raised $180 million in a late-stage funding round led by investors such as Silver Lake Waterman.
SecurityScorecard members
The latest round brings SecurityScorecard’s total funding to date to more than $290 million.

Aside from Silver Lake Waterman, T Rowe Price Associates, Kayne Anderson Rudnick and Fitch Ventures came in as new investors in the round.

Existing investors, such as Google Ventures, Evolution Equity Partners, Accomplice, Intel Capital, AXA Venture Partners and others, also participated in SecurityScorecard’s latest funding round.

“With the increasing number of breaches, cybersecurity ratings are a must-have for organizations to make critical business decisions,” said Aleksandr Yampolskiy, chief executive officer and co-founder of the company.

SecurityScorecard, which monitors and assesses the cybersecurity strengths and weaknesses of nearly two million organizations, said it is on track to rate more than 20 million firms by the end of the year.

The company said it plans to use the fresh capital to fund its global expansion.

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