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CyberGRX Finds $20M

Denver-based CyberGRX, which operates a "cyber risk exchange" that allows companies to access third-party, cyber risk management assessments of their vendors and partners, has raised $20M in a Series B funding round. The funding was led by Bessemer Venture Partners (BVP), and also included Aetna Ventures, Allegis Capital, ClearSky, GV (formerly Google Ventures), MassMutual Ventures, Rally Ventures, TenEleven Ventures, and strategic investors. David Cowan of BVP joins the company's board as part of the funding. CyberGRX is led by Fred Kneip. The company's data is used by companies to assess their overall cyber security risk profile. CyberGRX has now raised $29M in total. More information »