AI Cybersecurity Firm ReliaQuest Reaches $3.4 Billion Valuation After Raising $500 Million - 1

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AI Cybersecurity Firm ReliaQuest Reaches $3.4 Billion Valuation After Raising $500 Million

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

The American cybersecurity firm ReliaQuest informed this Monday that it raised over $500 million in a funding round, reaching a $3.4 billion valuation.

In a rush? Here are the quick facts:

  • ReliaQuest raised more than $500 million in a recent funding round, reaching a $3.4 billion valuation.
  • The new investment will be used to expand and develop its Agentic AI-driven cybersecurity automation technology.
  • The company’s software GreyMatter integrates over 200 cybersecurity tools and uses AI to detect, investigate, contain, and respond to cyber threats.

According to the press release , the recent funding round was led by FTV Capital, EWT, and KKR—the global investment firm that also led the previous round in 2020, which helped the AI-powered cybersecurity company achieve unicorn status with a $1 billion valuation.

ReliaQuest, founded in 2007, will use the funding for international expansion and to develop its Agentic AI-driven cybersecurity automation technology. The cybersecurity company has developed an AI-powered platform called GreyMatter—which integrates over 200 cybersecurity tools—to help security teams and Chief Information Security Officers (CISOs) detect, study, contain, and respond to cyber threats quickly.

“Everything we have done at ReliaQuest has always been driven by the problem we solve for our customers. Enterprise security teams have more data in more places than ever before, and the speed of the threat is rapidly increasing,” said Brian Murphy, ReliaQuest founder and CEO. “CISOs need a way to contain threats within minutes without added cost or technical overhead, leveraging the latest innovations in Agentic AI.”

Since 2020, ReliaQuest has quadrupled its Annual Recurring Revenue and recently surpassed $300 million, reaching a profitability rate of over 30%. It currently has over 1,000 customers and more than 1,200 employees across six global centers.

“This new investment is a key step along our growth trajectory as a company, but most importantly it will allow us to deliver better security outcomes for even more CISOs around the world,” added Murphy.

The rise in cyberattacks and AI-powered threats has led more cybersecurity companies to develop advanced AI-driven technology systems to establish new partnerships with businesses on a global scale. The American cybersecurity company SailPoint raised $1.38 billion in February, reaching a $12 billion valuation.

SpaceX Launches Private Mission With 4 Civilians On First-Ever Polar Orbit - 2

Photo by SpaceX on Unsplash

SpaceX Launches Private Mission With 4 Civilians On First-Ever Polar Orbit

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

SpaceX launched its latest private mission, Fram2, this Monday aboard a Falcon 9 rocket to orbit Earth over the North and South poles for the first time.

In a rush? Here are the quick facts:

  • SpaceX launched private mission Fram2 to orbit Earth over the North and South poles for the first time.
  • The civilian crew is led by crypto millionaire Chun Wang along with his three guests, all traveling to space for the first time.
  • The mission will take from 3 to 5 days, and the amateur astronauts will also conduct 22 scientific experiments.

According to CNN , the crew in the Dragon capsule is led by the crypto millionaire Chun Wang and his three guests, the robotics researcher Rabea Rogge, the Norwegian film director Jannicke Mikkelsen, and adventurer Eric Philips.

Liftoff of Fram2 and the @framonauts ! pic.twitter.com/XBL5juCnHQ — SpaceX (@SpaceX) April 1, 2025

The rocket was launched from SpaceX’s base at NASA’s Kennedy Space Center in Florida, in the United States, on Monday at 9:46 p.m. The trip will take from 3 to 5 days through an unusual orbital path headed south.

After completing the mission and splashing down in the Pacific Ocean, the civilian crew will become the first humans to orbit Earth over both poles. None of the members have traveled to space before.

“We have an untraditional mission,” said Mikkelsen on Friday. “We’re not your typical NASA astronauts…We’ve gone from nothing to being certified astronauts to fly.”

The group started training last year, including “harsh environments” in Alaska, to prepare for the trip. Besides exploring Earth from the polar orbit, the crew will conduct 22 experiments for research, most of which are related to their health.

Dragon has separated from Falcon 9’s second stage pic.twitter.com/v6tv0PWZMa — SpaceX (@SpaceX) April 1, 2025

Mission Commander Wang founded the organization F2Pool, one of the largest cryptocurrency mining pools in the world. The entrepreneur’s net worth is expected to be billions of dollars. The amount of money he paid for this trip has not been disclosed.

SpaceX has been working on multiple missions recently, including its Starship rockets, which it plans to use for missions aimed at repopulating Mars . Although the company has achieved historic milestones—such as landing and catching the Super Heavy booster on the launch tower —it has also faced some setbacks. In January, one of the Starship rockets exploded and caught fire during ascent .