CyberGRX Raises $20m in Series B Funding
Summary
CyberGRX, a Denver, CO-based provider of a third-party cyber risk management platform, raised $20m in Series B funding.In conjunction with the funding, David Cowan, the BVP partner, joined CyberGRX’s board of directors.Led by Fred Kneip, CEO, CyberGRX provides a third-party cyber risk management platform to identify, assess, mitigate and monitor an enterprise’s risk exposure across its entire partner ecosystem.Through automation and advanced analytics, the solution enables enterprises to collaboratively mitigate threats presented from their increasing interdependency on vendors, partners and customers.Launched in March 2017, the company’s exchange delivers standardized assessments, actionable analytics, remediation management and real-time threat intelligence updates to enterprises and their third parties, enabling them to mitigate risk, reduce costs and manage process complexity.