BlueVoyant, a US-based cybersecurity services provider backed by financial technology producer Fiserv, completed a $68m financing round led by Singaporean government-owned investment firm Temasek yesterday.
Temasek participated together with undisclosed existing and new investors, and the round boosted the company’s overall funding to $275m.
Founded in 2017, BlueVoyant offers cybersecurity services such as staff provision or training, as well as technology that can improve on or replace a client’s existing capabilities.
The company’s main functions involve managing continuous threat detection and response for a client’s customer networks, direct defence assessment and incident response for clients, and third-party services, where it provides protection for their supply chain or investment portfolio.
Jim Rosenthal, BlueVoyant’s co-founder and chief executive, said: “This latest round of funding will enable BlueVoyant to continue to service and build our ever-growing customer base, providing them with the most advanced cybersecurity defence capabilities.
“We are delighted to have generated such strong investor demand. This in turn helps us develop the managed services we offer; including combining our capabilities into our new risk operations centre to manage cyber risk for supply chains and investment portfolios.”
Fiserv took part in the company’s last round, when it raised $82.5m in series B funding in June 2019 at a reported valuation of more than $430m. It had secured $125m from unnamed investors at the time of its 2017 formation.
