This news comes on the heels of its Series D round. The company plans to use the funding to accelerate product development and increase its team size. Here are the top-line bullets you need to know.
BlueVoyant, a cybersecurity company, has raised $250M in a Series D. The round drew participation from Liberty Strategic Capital, Istari, Eden Global Partners, and 8VC.
How’s the company performing?
- New York-based BlueVoyant provides enterprises with solutions to protect their data, network, and supply chain from cyberattacks.
- The company has over 700 global customers across 16 different industries.
- BlueVoyant currently has more than 560 employees across the US, Israel, Canada, Belgium, Germany, Romania, Denmark, Sweden, and Mexico, among other countries.
- The company, which currently has a presence across 50 markets, expanded its footprint into over 10 countries in 2021.
Source: BlueVoyant
Why does the market matter?
- The global cybersecurity market is expected to reach a value of $304.9B by 2027, growing at a CAGR of 9.4%, according to Allied Market Research.
- The acceleration of digital trends has left companies more dependent on technology than ever, opening the door to more frequent and devastating cyber attacks. The growing number of complex attacks and the need for secure networks in hybrid (online-offline) environments are fueling the market’s growth.
- Increased digitization amid the Covid-19 pandemic has also contributed to market growth.
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