CyberGRX Closes Series A

What does CyberGRX do?
CyberGRX, is a provider of the most comprehensive 3rd party cyber risk management platform for cost effectively assessing, identifying, monitoring and mitigating an enterprise’s risk exposure across its entire partner ecosystem. Through advanced analytics and automation, the company’s solution enables enterprises to collaboratively mitigate threats presented from their increasing interdependence on partners, vendors and customers. The company was developed in partnership with its early adopters, which includes risk officers and chief security from Blackstone, Aetna, MassMutual and many other leading organizations across business sectors. The company is built by security practiotioners who bring a risk based perspective to security control assessment. This company helps organizations in not only automating and standardizing the collection of info, but also prioritizing, evaluating and remediating risk. Instead of improving what people are doing today, this company fundamentally changes the way organizations address cyber risk in an increasingly interdependent world.

How much CyberGRX was funded?
CyberGRX raised $9M in Series A on July 14, 2016 from Secure Octane, GV, MassMutual Ventures, TenEleven Ventures,  Rally Ventures, Allegis Capital and Blackstone.

What is next for CyberGRX?
The company plans to release a product in early 2017. It plans to use the funding raised for setting standards for security risks. Founders of the company say that a standard security assessment could provide a foundation for other industries such as cyber insurance.

More about CyberGRX
CyberGRX was funded on July 14, 2016. It has its headquarters in Denver, Colorado. The company provides the most comprehensive 3rd party cyber risk management, addressing the present inefficiencies and creates benefit for enterprises and their vendors and partners. Through advanced analytics and automation, the company’s solution helps companies in collaboratively mitigating threats presented from their inter dependency on customers, vendors and partners. The company has offices in McLean, VA.