CEO: Shaun McConnon
BitSight Technologies is tapping into the growing market for security solutions and in June secured $24 million Series A financing to up the ante.
The Cambridge, Mass.-based company, which allows customers to respond to potential data security threats by quantifying risk, got its start with seed money from the National Science Foundation. The company plans to use the new infusion of cash to expand product development, hire sales and marketing staff and launch the company’s first product. The aim is to identify and quantify security risk, providing organizations with the information they need to control security.