Security News > 2020 > August > SaaS Security Platform Provider ReliaQuest Raises $300 Million
Software-as-a-Service security platform provider ReliaQuest announced on Tuesday that it has raised more than $300 million in a growth funding round led by global investment company KKR. Ten Eleven Ventures and Brian Murphy, ReliaQuest's founder and CEO, also took part in the funding round.
ReliaQuest has developed GreyMatter, a cloud-native SaaS platform that is designed to help enterprises gain more visibility into their on-premises and cloud environments by collecting and analyzing data from their existing cyber solutions.
ReliaQuest previously raised $30 million from FTV Capital.
"ReliaQuest's GreyMatter platform is supported by some of the top security talent in the industry, enabling enterprises to increase visibility across cloud and on-premises technologies, allowing them to reduce risk and compromises," Murphy said.
"The investment from KKR and Ten Eleven is an important step that allows ReliaQuest to continue to scale globally while innovating and accelerating the development of the GreyMatter platform and follows what was a foundational investment from FTV four years ago."