US-based cybersecurity technology provider BlueVoyant has received $82.5m in a series B round that featured financial technology developer Fiserv.
The round also included undisclosed new and existing investors, and it valued the company at more than $430m according to TechCrunch.
BlueVoyant, has developed a suite of cybersecurity services to help companies identify and monitor emerging risks in order to prevent attack from malicious IP addresses and domain names.
The company was formed in August 2017 when cybersecurity services provider BlueteamGlobal absorbed the operations of three other cybersecurity companies – BitVoyant, K2G and K2 Cyber Defense – into the company and rebranded, raising $125m from unnamed institutional and individual investors in the process.
The company will use the series B proceeds to strengthen its cloud-based cybersecurity product platform, which is comprised of managed security services, advanced threat intelligence and professional services.
Capital will also support BlueVoyant’s expansion into Europe and Asia while increasing the size of its sales and engineering teams and growing its Security Operations Center.
Byron Vielehr, Fiserv’s chief administrative officer, said: “The strategic alliance between Fiserv and BlueVoyant brings advanced cyber defence capabilities to banks and credit unions of all sizes. Our continued investment in BlueVoyant underscores the value these capabilities can bring to our clients.” .