CyberGRX Raises $20m in Series B Funding

Funding Rounds

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.

$ Funding

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Amount $20.0M Total raised
Date April 18, 2017 Announcement date
Investors - Lead investors
Company http://www.cybergrx.com Funded company

Classifications

industries
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applications
Business Intelligence

AskAI Classifications

Labels
Cybersecurity Risk Management Software Development

Linked Companies

CyberGRX
$10M to $25M