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- BlueVoyant
BlueVoyant Valuation, Funding & Investors
BlueVoyant is valued at $1B as of February 2022.
Last BlueVoyant valuation
$1B
Series D · Feb 2022
Last BlueVoyant funding round
$140M
Series E · Nov 2023
Cumulative funding BlueVoyant raised
$666M
across 5 funding rounds
Key investors in BlueVoyant
Liberty Strategic Capital
ISTARI
8VC
Temasek
JHH vc
Fiserv
About BlueVoyant
BlueVoyant is a New York-based cyber defense company founded in 2017 that combines cybersecurity technology with managed services to protect organizations against internal and external threats. Its platform provides managed detection and response (MDR), third-party and supply-chain cyber risk management, digital risk protection, and incident response and threat intelligence services, delivered by teams based in the US, Israel, Europe, and Latin America. The company serves both government agencies, including the Defense Industrial Base, and private enterprises seeking to strengthen their cyber risk posture.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$1B (Feb 2022)
BlueVoyant Valuation
BlueVoyant is currently valued at $1B, based on its Series D in February 2022.
The $250M round was led by Liberty Strategic Capital, with participation from 8VC, J.A.S Ventures, Eden Global Partners, ISTARI and JHH vc.
BlueVoyant's valuation has grown 2.3x from $430M at its Series B in May 2019 to $1B in February 2022, across 2 priced rounds.
BlueVoyant valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | Series D | $1B |
| May 2019 | Series B | $430M |
BlueVoyant Funding History
BlueVoyant has raised a total of $666M across 5 funding rounds.
BlueVoyant's first fundraising round was a $125M Series A in August 2017. The most recent completed round was a $140M Series E in November 2023.
BlueVoyant funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series E | Liberty Strategic Capital (lead); ISTARI; Manhattan Venture Partners (MVP) | $140M | - | BlueVoyant is an industry-leading cyber defense platform founded in 2017, specializing in illuminating, validating, and mitigating internal and external cyber risks through managed detection and response (MDR) and cyber risk posture solutions. Headquartered in New York City, it operates globally with personnel across multiple countries including the US, Israel, Europe, and Latin America. The company provides a platform merging cybersecurity defense technology with managed services to address threats to critical infrastructure amid talent shortages. On November 29, 2023, BlueVoyant raised $140 million in a Series E funding round led by existing investors Liberty Strategic Capital and ISTARI (a Temasek company), with participation from Manhattan Venture Partners (MVP) and others such as Eden Global Capital Partners. The funds supported the acquisition of Conquest Cyber, a cyber resilience firm, to enhance comprehensive MDR and cyber risk posture offerings, particularly for high-security sectors like the Defense Industrial Base and government amid rising threats and regulations like CMMC 2.0. This Series E followed BlueVoyant's Series D, bringing total funding to approximately $696 million across rounds. The company had demonstrated strong growth, including triple-digit momentum, an 80% customer count increase, and average 117% annual recurring revenue growth since 2018 as of early 2022, alongside expansions into over 10 countries and key acquisitions. Investors like Liberty Strategic Capital, founded by Steven Mnuchin, focus on cybersecurity and strategic tech, with prior bets in Cybereason and others. BlueVoyant competes in the crowded cybersecurity market, positioning itself for agility against evolving threats. The Conquest Cyber deal reshapes its Microsoft security ecosystem integrations and bolsters capabilities for state and local governments facing cyber incidents. |
| Feb 2022 | Series D | Liberty Strategic Capital (lead); 8VC; J.A.S Ventures; Eden Global Partners; ISTARI; JHH vc | $250M | $1B | BlueVoyant is a cybersecurity firm offering managed detection and response, digital risk protection, third-party cyber risk management, and professional services via a unified platform to defend against sophisticated cyberattacks including supply chain risks. On February 23, 2022, it closed a $250 million Series D round led by Liberty Strategic Capital, with participation from ISTARI, Eden Global Partners, 8VC, and others, bringing total funding to $525 million and achieving unicorn status with a post-money valuation over $1 billion. The company, founded in 2017 and headquartered in New York, had grown to over 560 employees and more than 700 customers by early 2022. In 2021, BlueVoyant recorded triple-digit growth, an 80% increase in customer count, expansion into over 10 countries, key acquisitions, and average annual recurring revenue growth of 117% since 2018. Proceeds from the Series D were allocated to deepen advanced technical capabilities, accelerate global expansion, and capitalize on surging demand for outcomes-based cybersecurity solutions amid rising threats to businesses and government agencies. Investors included high-profile figures like Liberty Strategic Capital, founded by former U.S. Treasury Secretary Steven Mnuchin, whose managing director Michael D’Ambrosio joined the strategic advisory board. This round followed prior raises including $82.5 million Series B in 2019 at $430 million valuation and $68 million Series C in 2020, positioning BlueVoyant competitively against peers like eSentire and Arctic Wolf in the managed cybersecurity market. |
| Jul 2020 | Series C | Temasek (lead) | $68M | - | BlueVoyant is a New York-based cybersecurity services company founded in 2017, offering managed security services for 24/7 detection and response, third-party cyber risk services for supply chain and investment portfolio defense, and cyber defense services including incident response, defense assessment, brand protection, and threat intelligence. On July 16, 2020, it closed a $68 million third round of funding (also referred to as Series C in some sources) led by Temasek Holdings, with participation from new and existing investors, bringing total funding to $275 million. The funds were intended to accelerate growth across its three key business lines and develop its Risk Operations Center. The company had previously raised $125 million at formation in 2017 and $82.5 million in a Series B round in May/June 2019 led by Fiserv at a valuation exceeding $430 million. By mid-2020, BlueVoyant served over 300 clients across four continents in 16 industries, including financial services, manufacturing, government, healthcare, energy, and education. CEO Jim Rosenthal highlighted strong investor demand and the need to expand advanced cybersecurity capabilities for large and medium enterprises. |
| May 2019 | Series B | Fiserv (lead) | $83M | $430M | BlueVoyant is an analytics-driven cybersecurity firm offering managed security services, advanced threat intelligence, professional services, and a cloud-based platform to protect businesses against cyber threats. Founded with notable pedigree including former executives from major financial and intelligence sectors, it launched its Managed Security Services platform in June 2018 and rapidly grew to over 150 clients across financial services, manufacturing, government, and education by May 2019. On May 30, 2019, BlueVoyant closed an expanded $82.5 million Series B funding round led by Fiserv, with participation from new and existing investors, bringing total funding raised to $207.5 million. The round valued the company at over $430 million post-money. Fiserv's investment forms a strategic alliance to deliver cyber defense to banks and credit unions, leveraging Fiserv's client base. Proceeds from the Series B were allocated to accelerate development of the cybersecurity product platform, expand sales, engineering, and Security Operations Center teams in Europe and Asia, and scale operations to serve global businesses from large enterprises to SMEs. This funding addressed strong investor demand and supported international growth amid rising enterprise cybersecurity spending projected at $124 billion that year. BlueVoyant differentiated through proprietary and open-source threat intelligence integrated with its technology stack, positioning it as a fast-growing player in managed detection and response. Prior rounds included a $125 million Series A in 2017, setting the stage for this expansion. |
| Aug 2017 | Series A | Winton Ventures (lead); Planven Entrepreneur Ventures | $125M | - | BlueVoyant is a New York-based enterprise cybersecurity company that provides a cloud-native cyber defense platform combining managed security services, threat intelligence, professional consulting, and digital risk protection for enterprises and critical infrastructure. By February 2022, the company achieved unicorn status with a Series D round of $250 million at a valuation over $1 billion. |
Who has invested in BlueVoyant?
11 investors have backed BlueVoyant across its funding rounds, including Liberty Strategic Capital, ISTARI, 8VC, Temasek, JHH vc and Fiserv.
Lead investors include Liberty Strategic Capital, Temasek, Fiserv and Winton Ventures.
BlueVoyant Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2022 | ||
| 2 | Lead | Feb 2022 | ||
| 1 | Lead | Jul 2020 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Aug 2017 | ||
| 1 | Lead | May 2019 | ||
| 1 | Participant | Nov 2023 | ||
This data is available for Pro users. Sign up to see all 11 BlueVoyant investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by BlueVoyant
BlueVoyant has acquired 9 companies to date.
Last acquisition by BlueVoyant was on November 29th 2023. BlueVoyant acquired Conquest Cyber for undisclosed valuation.
Latest Acquisitions by BlueVoyant
| Description | Conquest Cyber is a New York-headquartered firm delivering managed detection and response services alongside cyber risk assessments and compliance consulting. The company implements NIST and ISO 27001 frameworks for sectors including finance and healthcare. Conquest Cyber operates a 24/7 SOC with threat hunting via SIEM tools from Splunk and CrowdStrike. Established in 2018, it supports digital transformation through zero-trust architecture deployments. | 202 Group is a Reston, Virginia-based provider of supply chain risk management solutions tailored for the U.S. federal government. The company delivers analytics and compliance tools to agencies, helping mitigate disruptions in procurement and logistics. | Concanon is a Paris-based consultancy specializing in big data architectures and cloud migrations for European enterprises. It deploys Hadoop, Spark, and AWS solutions for analytics platforms serving finance and retail sectors. The firm architects data lakes processing petabyte-scale datasets and implements Kafka for real-time streaming. Concanon trains teams on Databricks and Snowflake, supporting GDPR-compliant deployments across France, Belgium, and Luxembourg. | - | |
| HQ Country | |||||
| HQ City | Washington, DC | - | - | - | |
| Deal Date | 29 Nov 2023 | 28 Oct 2021 | 29 Sep 2021 | 1 Jul 2021 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all BlueVoyant acquisitions and their M&A valuation multiples. Start Free Trial | |||||
BlueVoyant Competitors
BlueVoyant competitors include listed companies like CANCOM and Sify Technologies, and private ones like Defense Unicorns, Novaigu, Aikido Security and Aqua Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $2B | $118M | $740M | 0.4x | ||
| Private | - | - | $500M | - | ||
| Private | $13M | - | $1B | 76.9x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $468M | $107M | $1000M | 2.0x |
BlueVoyant Public Comps
BlueVoyant is still privately-owned, but its public comps include Sify Technologies, cyber_Folks, Bravura Solutions, Systena, Neurones, Sonaecom, GuoChuang Software, NSFOCUS, Zensar Technologies and Suez Canal Company for Technology Settling.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $468M | $107M | 3.2x | 2.0x | 13.8x | 8.2x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $201M | $55M | 4.9x | 4.9x | 17.9x | 17.0x | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $987M | $177M | 0.8x | 0.7x | 4.2x | 6.4x | |||
| $20M | $1M | 39.0x | - | 594.1x | - | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
This data is available for Pro users. Sign up to see all BlueVoyant competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BlueVoyant
| When was BlueVoyant founded? | BlueVoyant was founded in 2017. |
| Where is BlueVoyant headquartered? | BlueVoyant is headquartered in New York City, NY, United States. |
| Is BlueVoyant publicly listed? | No, BlueVoyant is a private, VC-backed company. |
| What is BlueVoyant's valuation? | BlueVoyant was last valued at $1B in its Series D in February 2022. |
| How much funding has BlueVoyant raised? | BlueVoyant has raised $666M across 5 funding rounds. |
| What was BlueVoyant's last funding round? | BlueVoyant's last funding round was a $140M Series E in November 2023, led by Liberty Strategic Capital. |
| Who are BlueVoyant's investors? | BlueVoyant's investors include ISTARI, Liberty Strategic Capital, Temasek, 8VC, J.A.S Ventures, Eden Global Partners, Winton Ventures, Fiserv, Manhattan Venture Partners (MVP), Planven Entrepreneur Ventures and 1 other. |
| Which companies are comparable to BlueVoyant? | Companies comparable to BlueVoyant include Defense Unicorns, CANCOM, Novaigu, Aikido Security, Aqua Security and Sify Technologies. |
| How many companies has BlueVoyant acquired? | BlueVoyant has acquired 9 companies, including Conquest Cyber, 202 Group, Concanon, Marclay and Managed Sentinel. |
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