Black Kite, a Boston-based cybersecurity startup, raised $22 million in Series B funding to meet the increasing demand for cybersecurity solutions.

The round was led by Volition Capital, with participation from existing investors Moore Strategic Ventures, LLC (MSV), Glasswing Ventures, and Data Point Capital also participated. Brings the total funding raised by the startup since 2019 to more than $33 million

The new funding will be used by the startup to boost its marketing, customer success, channels, and strategic partnerships allowing it to sustain the growth rate that has resulted in a 100% increase in user base and employee headcount over the past year.

Company:  Black Kite Inc.

Raised: $22.0M

Round: Series B

Funding Month: October 2021

Lead Investors: Volition Capital

Additional Investors: Moore Strategic Ventures, LLC (MSV), Glasswing Ventures, and Data Point Capital

Company Website: https://blackkite.com/

Software Category: Third-party risk management

About the Company: Black kite was founded back in 2016 with the mission to revolutionize how third-party risk management (TPRM) was done by focusing on penetration testing from a black hat’s perspective. The startup has developed a platform that approaches cybersecurity from a technical, financial, and compliance perspective. The platform developed by the startup has been adopted by more than 300 customers worldwide, allowing them to assess cyber risks quickly and cost-effectively. 

Source: https://gritdaily.com/black-kite-closes-22-mln-series-b-round-to-help-organizations-defend-against-cyberthreats/