ReliaQuest Secures Over $500 Million, CEO Says ‘Security Is A Team Sport’

Cybersecurity platform ReliaQuest has secured over $500 million in a new funding round, raising its valuation to $3.4 billion. The funding round was led by EQT, KKR, and FTV Capital, with participation from existing investors Ten Eleven Ventures and Finback Investment Partners. A global cybersecurity leader, ReliaQuest provides large enterprises with a distinctive, AI-driven approach to security operations. Sophisticated Attacks Need Sophisticated Solutions Brian Murphy, a former cybersecurity professional, founded ReliaQuest in 2007. His experience in the field highlighted the challenges organizations faced in managing complex security operations, often due to a lack of expertise or resources. To address this gap, Murphy sought to create a more intelligent and automated solution.