BitSight believes the best way to tell if your company could get hacked is through the data you currently have.
The company received a $24 million first round of funding today, from data-excited venture capitalists including Menlo Ventures, Flybridge Capital Partners, Globespan Capital, and Commonwealth Capital Ventures.
BitSight looks at a number of different data points within your company and then assesses how at-risk for cyber attacks you are. It will looks at your company’s existing security practices, the technology you use, as well as the behavior of your employees to assess this risk. From there it will will provide you its analysis, as well as suggestions on how to mitigate an attack.
Flybridge Capital Partners’ general partner David Aronoff — who also serves on BitSight’s board and invested in its seed round– explained in a statement that the firm wanted to invest more money after being impressed with how the company handled that seed round.
BitSight says it will use the funding to finish building out its product, which has not yet been launched, and evenutally get it into customers’ hands. In order to do that, another portion of the funding will go toward hiring sales and marketing employees. Its website is relatively sparse, but does say that it is hiring.
The company is headquartered in Massachussetts. The National Science Foundation invested in BitSight for its seed round.
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