Source: www.securityweek.com – Author: Eduard Kovacs
Security operations solutions provider ReliaQuest on Monday announced raising $500 million in a new growth funding round that brings the total raised by the company to more than $830 million.
The latest investment was led by EQT, KKR and FTV Capital, with participation from Ten Eleven Ventures and Finback Investment Partners.
The funding, which brings ReliaQuest’s valuation to $3.4 billion, will be used by the company to enhance its platform and for international expansion.
ReliaQuest has developed an AI-powered platform that integrates with more than 200 third-party cybersecurity tools, enabling security teams to quickly detect, contain, investigate, and respond to cyber threats. The company says its solution leverages agentic AI to operate and learn autonomously.
ReliaQuest claims to have more than 1,000 customers and annual recurring revenue that surpasses $300 million.
“Everything we have done at ReliaQuest has always been driven by the problem we solve for our customers. Enterprise security teams have more data in more places than ever before, and the speed of the threat is rapidly increasing. CISOs need a way to contain threats within minutes without added cost or technical overhead, leveraging the latest innovations in Agentic AI,” said Brian Murphy, founder and CEO of ReliaQuest.
“This new investment is a key step along our growth trajectory as a company, but most importantly it will allow us to deliver better security outcomes for even more CISOs around the world,” Murphy added.
Related: SaaS Security Platform Provider ReliaQuest Raises $300 Million
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Original Post URL: https://www.securityweek.com/security-operations-firm-reliaquest-raises-500m-at-3-4b-valuation/
Category & Tags: Cybersecurity Funding,funding,ReliaQuest,SOC – Cybersecurity Funding,funding,ReliaQuest,SOC
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