iSIGHT Partners, Inc., the leading provider of cyber threat intelligence for global enterprises, today announced it has closed a $30 million Series C equity-financing round with Bessemer Venture Partners.
'Capital and guidance from a highly experienced long-term investor in the security market will enable iSIGHT Partners to expand our market leading products and help customers continue to change the game in security,' said iSIGHT Partners CEO John Watters. 'The blistering array of cyber attacks in 2014 was a clear wake up call to corporate boards. With criminals attacking POS systems, sophisticated cyber espionage campaigns and hacktivists materially impacting key industries, there is no doubt that enterprise security teams will use advanced threat intelligence to regain the advantage.'
iSIGHT experienced significant growth in 2014 and finished the year with record revenues and very strong client acquisition across numerous vertical and geographic segments. In 2014, the company delivered ThreatScape® API and is now working with twenty integration partners that are leveraging iSIGHT intelligence to enhance a range of security products from SIEM, firewalls and security gateways to incident response, governance, risk, and compliance (GRC) and Threat Intelligence Platforms. iSIGHT will use its Series C financing to further extend its industry-leading global intelligence capacity, enhance its ThreatScape intelligence products, develop new integration partnerships and continue to ramp up its sales and marketing engine.
'With nations, terrorists, criminals and hacktivists routinely launching sophisticated, military-grade cyber attacks, enterprises are saddled with obsolete security products that defend against the common cold rather than targeted, lethal campaigns,' said BVP Partner David Cowan, who had co-founded VeriSign, Good Technology and Defense.Net. 'With unparalleled visibility into global cyber operations, iSIGHT's customers deflect the attacks that matter most -- not by getting even more alerts, but by focusing security teams on the ones that matter.'
About iSIGHT Partners
iSIGHT Partners is the leading global provider of cyber threat intelligence. With 200+ experts in 16 countries and expertise in 24 languages, only iSIGHT can deliver the full context and intent of the most damaging threats, allowing security organizations to respond faster, defend proactively and invest smarter. Find iSIGHT Partners on the web at www.iSIGHTpartners.com or email us at info@isightpartners.com.
About Bessemer Venture Partners
Founded in 1911, Bessemer Venture Partners invests in hyper-growth startups, partnering closely with entrepreneurs to build durable businesses. Bessemer is a global firm with offices in Menlo Park, Cambridge, New York, Mumbai, Bangalore, Herzliya and Sao Paolo. With $4 billion under management, Bessemer invests from $100,000 to $75 million in innovative companies like LinkedIn, Yelp, Skype, Skybox, Pinterest, Lifelock, Box and Twilio. Over 100 Bessemer companies have gone public, including 8 in cyber security. Last year alone, Bessemer had 5 IPOs, 7 M&A exits, and 20 new investments. For more information on Bessemer's cyber security practice, visit www.bvp.com/cybersecurity.