Money Makers Mentor

Cybersecurity Firm SecurityScorecard Raises $180 Million

Cybersecurity rating firm SecurityScorecard has raised $180 million in a late-stage funding round led by investors. This puts them on track to rate more than 20 million firms by the end of the year. The firm’s investors include Silver Lake Waterman, T Rowe Price Associates Inc, Kayne Anderson Rudnick and Fitch Ventures.

The COVID-19 pandemic has increased the demand for cybersecurity services. Companies now spend more to protect their work-from-home employees’ information technology (IT) systems. According to Gartner, IT spending is expected to rise by more than 6% to $3.9 trillion in 2021. A big chunk of that spending will go towards cybersecurity.

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COVID-19 Security Trends

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