Bitsight Technologies, a US-based provider of data analytics for risk management, it has received $24 million in Series A financing from Flybridge Capital Partners (spun out from publisher International Data Group’s east coast corporate venturing unit) as well as venture capital firms Globespan Capital Partners, Menlo Ventures and Commonweath Capital Ventures.
Shaun McConnon, chief executive officer, Bitsight Technologies, said: “With this financing, Bitsight is well positioned to drive innovation in the security risk management market.”
David Aronoff, general partner, Flybridge Capital Partners, said: “We’ve been very impressed with how much Bitsight has achieved on the seed investment. From building out the product, to rapidly getting customer validation and hiring a world-class team, they have done a fantastic job at growing the Company.”
Bitsight Technologies was founded in 2011.