SecurityScorecard, a NYC-based security ratings company, raised $27.5m in Series C funding.
The round was led by Nokia Growth Partners (NGP) with participation from Moody’s Corporation, AXA Strategic Ventures, and Intel Capital and existing investors Sequoia Capital, Google Ventures (GV), Boldstart Ventures, Two Sigma Ventures, and Evolution Equity Partners. In conjunction with the funding, Upal Basu, Partner at NGP, will be joining SecurityScorecard’s board of directors,
The company intends to use the funds to bring new solutions to the market.
Founded in late 2013 by Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard provides CISOs, security practitioners, risk management professionals, and boards of directors with a platform featuring a comprehensive outside-in view of the security posture of their entire ecosystem, including their own IT infrastructure as well as their third and fourth-party vendors.
The platform continuously monitors the security posture of more than 200,000 enterprises and government agencies across the globe and evaluates them based on hundreds of indicators of compromise. It then assigns an A to F rating and provides security professionals with actionable intelligence that enables them to remediate security vulnerabilities.