Headquarters: Cambridge, Mass.
CEO: Shaun McConnon
New Funding: $24 million
Backers: Globespan Capital Partners, Menlo Ventures, Flybridge Capital Partners, Commonwealth Capital Ventures
A provider of big data analytics to support risk management, BitSight intends to leverage the added investment toward further product development and product launch-related activities, as well as expand its sales and marketing team. The company's platform collects and analyzes large quantities of security-related data geared toward helping customers to better assess their security condition and make appropriate modifications where necessary.