AI Cybersecurity Firm ReliaQuest Reaches $3.4 Billion Valuation After Raising $500 Million

The American cybersecurity firm ReliaQuest informed this Monday that it raised over $500 million in a funding round, reaching a $3.4 billion valuation.

According to the press release, the recent funding round was led by FTV Capital, EWT, and KKR—the global investment firm that also led the previous round in 2020, which helped the AI-powered cybersecurity company achieve unicorn status with a $1 billion valuation.

ReliaQuest, founded in 2007, will use the funding for international expansion and to develop its Agentic AI-driven cybersecurity automation technology. The cybersecurity company has developed an AI-powered platform called GreyMatter—which integrates over 200 cybersecurity tools—to help security teams and Chief Information Security Officers (CISOs) detect, study, contain, and respond to cyber threats quickly.

“Everything we have done at ReliaQuest has always been driven by the problem we solve for our customers. Enterprise security teams have more data in more places than ever before, and the speed of the threat is rapidly increasing,” said Brian Murphy, ReliaQuest founder and CEO. “CISOs need a way to contain threats within minutes without added cost or technical overhead, leveraging the latest innovations in Agentic AI.”

Since 2020, ReliaQuest has quadrupled its Annual Recurring Revenue and recently surpassed $300 million, reaching a profitability rate of over 30%. It currently has over 1,000 customers and more than 1,200 employees across six global centers.

“This new investment is a key step along our growth trajectory as a company, but most importantly it will allow us to deliver better security outcomes for even more CISOs around the world,” added Murphy.

The rise in cyberattacks and AI-powered threats has led more cybersecurity companies to develop advanced AI-driven technology systems to establish new partnerships with businesses on a global scale. The American cybersecurity company SailPoint raised $1.38 billion in February, reaching a $12 billion valuation.