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ReliaQuest, a leader in AI-powered security operations, has raised over $500 million in a funding round led by EQT, bringing its valuation to $3.4 billion.
ReliaQuest, a leader in AI-powered security operations, has raised over $500 million in a funding round led by EQT Ventures, as announced in a press release. The round, which also saw participation from existing investors KKR and FTV Capital, values the company at $3.4 billion.
The new funding will support ReliaQuest's growth and innovation in AI-driven cybersecurity automation, as well as its international expansion. The company's platform, GreyMatter, integrates with over 200 cybersecurity tools, enabling rapid threat detection and response. Since its last funding round in 2020, ReliaQuest has quadrupled its Annual Recurring Revenue, now surpassing $300 million, and continues to grow at over 30% year-over-year.
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