The corporate venturing units of internet technology conglomerate Alphabet, insurance provider Massachusetts Mutual Life Insurance and healthcare business Aetna yesterday backed a $30m series C round for US-based cybersecurity software developer CyberGRX.
GV, MassMutual Ventures and Aetna Ventures invested alongside venture capital firm Scale Venture Partners, which led the round, TenEleven Ventures, AllegisCyber, ClearSky, Bessemer Venture Partners and Blackstone.
Founded in 2015, CyberGRX has developed a third-party cyber risk management platform which enables organisations and individuals to share data to manage and thwart potential risks.
The company said it has seen over 1,000% growth in both annual revenue and in companies on its exchange in the past 12 months.
CyberGRX has now raised $59m in total funding having closed a $20m series B round,which featured Aetna Ventures, GV and MassMutual Ventures, in April 2017.
The series B round was led by Bessemer Venture Partners and featured Allegis Capital, TenEleven Ventures, ClearSky, Rally Ventures, Blackstone, and ClearSky Power and Technology Fund as well as several strategic and private investors.
In 2016, the company collected $9m in a series A round led by Allegis Capital that also featured GV, MassMutual Ventures, TenEleven Ventures, Rally Ventures and Blackstone.