Black Kite, a Boston, MA-based third-party cyber risk ratings company, raised $22 in Series B funding.
The round was led by Volition Capital, with participation from existing investors Moore Strategic Ventures, LLC (MSV), Glasswing Ventures, and Data Point Capital.
The company intends to use the funds to expand investment in marketing, customer success, channels, and strategic partnerships.
Since 2019, Black Kite has secured more than $33.1 million in venture capital investments, fueling momentum and increasing market penetration.
Digital supply chains are growing at an annual rate of 11.2% and are forecasted to double in size by 2026. Black Kite’s intelligence platform quickly and cost-effectively provides intelligence into third parties and supply chains, prioritizing findings into a simplified dashboard that risk management teams can easily consume and close critical security gaps.
Black Kite’s patented platform and global data lake offers cyber risk assessments and quantification for more than 34 million entities in minutes. The technology’s standards-based methodology calculates and quantifies findings, illuminating high priority third-parties, reducing the uncertainty around cyber risk as a whole.
FinSMEs
13/10/2021