Brinqa Accelerates Adoption of Risk-based Cybersecurity with First Institutional Investment of $110M
Self-funded Brinqa has been profitable with strong growth since 2017; funding round from Insight Partners is company’s first institutional investment
Brinqa™ is a global leader in Cyber Risk Management. The company’s applications leverage the industry's only Knowledge Graph for cybersecurity – The Cyber Risk Graph. They are built on a risk-based low-code platform that enables rapid deployment and expansion across high-impact cybersecurity areas such as Cybersecurity Asset Management, Vulnerability Management, Application Security, and Cloud & Container Security. Supported by the most extensive cybersecurity data integration ecosystem – 150+ integrations strong and rapidly growing – Brinqa solutions help organizations get the most out of existing technology investments while addressing their unique risk tolerance and business challenges.
Bootstrapped and founder-backed since 2009, Brinqa announced today the company has obtained its first institutional investment of $110 million from Insight Partners, a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries.
Brinqa founders Amad Fida and Hilda Perez are cybersecurity industry veterans whose prior experience includes building and leading startups through successful growth and acquisition. Their deep expertise with enterprise IT and security organizations led them to recognize a severe and emerging problem that was going unaddressed.
Although Brinqa was not actively looking for outside investment, Insight Partners’ ScaleUp focus and operational expertise made them the right partner for the next stage of Brinqa’s journey.
This capital infusion better positions Brinqa to satisfy the increasing demand to address security challenges with seamlessly integrated, highly automated, and risk-based cybersecurity programs.
“With digital transformation, the number of cybersecurity controls and systems required to monitor and protect an enterprise has increased by magnitudes. While technology is a competitive advantage for businesses, its aggressive adoption has amplified the challenge of bringing it all together in a meaningful way,” said Amad Fida, CEO of Brinqa. “We founded Brinqa to help organizations harness the vast and rapidly growing stores of data towards the critical challenge of quantifying, operationalizing, and reducing cyber risk.”
Brinqa is leading the charge for a new wave of knowledge-driven, risk-based cybersecurity solutions. Brinqa Cyber Risk Graph – the knowledge graph for cybersecurity – connects relevant security and business data, establishes common data ontology, and powers cybersecurity decisions and outcomes. Brinqa solutions apply this knowledge to uniquely inform risk management strategies, standardize data management and analysis, deliver actionable insights, and automate risk remediation.
With Brinqa, businesses get all the tools they need to implement risk-based cybersecurity – packaged in a high-performance, enterprise-grade platform. Brinqa solutions evolve with the business and provide a stable, robust and dynamic cybersecurity foundation that supports and enables true digital transformation.
Brinqa plans to use the funds for continued business scaling and market expansion.
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