VisibleRisk
Cyber Risk Assessment and Monitoring for Enterprises
Company Overview
Snapshot
Founded in July 2019 by Yigael Berger and Derek Vadala, VisibleRisk operated with 1–10 employees. The company raised $30,000,000 across two funding rounds from two investors before being acquired by BitSight in September 2021.
Business overview
VisibleRisk specializes in cyber risk assessment and monitoring for enterprises, focusing on quantifying cyber risk exposure through financial metrics and benchmarking. The company's platform and guidance are designed to help business executives understand and manage their cyber risk, aiming to increase cyber resilience for organizations worldwide. VisibleRisk operates within the Cyber Security sector, specifically addressing GRC & Vulnerability, and serves enterprises with its software-based platforms and interfaces.
Strategic signal
In September 2021, VisibleRisk was acquired by BitSight, marking a significant exit for the company. This acquisition signals a consolidation within the cyber risk assessment market, with larger players integrating specialized solutions to enhance their offerings. For investors, this event demonstrates the strategic value and demand for advanced cyber risk quantification capabilities within the enterprise security landscape.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate milestone for VisibleRisk?
- VisibleRisk was acquired by BitSight in September 2021, leading to its inactive status.
- When was VisibleRisk founded and by whom?
- VisibleRisk was founded in July 2019 by Yigael Berger and Derek Vadala.
- How much capital did VisibleRisk raise in total?
- VisibleRisk raised a total of $30,000,000 across two funding rounds, including a Series A round of $25,000,000 in May 2021 and a Seed round in November 2019.
- Which investors participated in VisibleRisk's May 2021 funding round?
- In May 2021, VisibleRisk received $25,000,000 in Series A funding from Team8 and Moody's Corporation.
- What was the purpose of VisibleRisk's executive team expansion in June 2021?
- In June 2021, VisibleRisk expanded its executive team in preparation for rapid growth, as it focused on cyber resilience rating.