ReliaQuest Raises More Than $500 Million in Funding at a Valuation of $3.4 Billion
ReliaQuest has secured a new funding round exceeding $500 million, led by EQT with participation from existing investors KKR and FTV Capital, bringing the company's valuation to $3.4 billion. The AI-powered security operations company has demonstrated significant growth, with Annual Recurring Revenue increasing more than 4x since KKR's 2020 investment, now surpassing $300 million.
The company's GreyMatter platform integrates with over 200 cybersecurity tools and leverages Agentic AI for automation. The technology enables threat detection and response within minutes, with customers performing investigations 20 times faster and achieving 30% greater accuracy compared to traditional methods. ReliaQuest is currently growing at over 30% year-over-year and operating profitably.
ReliaQuest ha ottenuto un nuovo round di finanziamento che supera i 500 milioni di dollari, guidato da EQT con la partecipazione degli investitori esistenti KKR e FTV Capital, portando la valutazione dell'azienda a 3,4 miliardi di dollari. L'azienda, specializzata in operazioni di sicurezza potenziate dall'IA, ha dimostrato una crescita significativa, con un fatturato annuo ricorrente aumentato di oltre 4 volte dall'investimento di KKR nel 2020, superando ora i 300 milioni di dollari.
La piattaforma GreyMatter dell'azienda si integra con oltre 200 strumenti di cybersecurity e sfrutta l'IA Agentic per l'automazione. Questa tecnologia consente di rilevare e rispondere alle minacce in pochi minuti, con i clienti che effettuano indagini 20 volte più velocemente e raggiungono un 30% di maggiore accuratezza rispetto ai metodi tradizionali. ReliaQuest sta attualmente crescendo a oltre un 30% anno su anno e opera in modo redditizio.
ReliaQuest ha conseguido una nueva ronda de financiamiento que supera los 500 millones de dólares, liderada por EQT con la participación de los inversores existentes KKR y FTV Capital, elevando la valoración de la empresa a 3.4 mil millones de dólares. La empresa de operaciones de seguridad impulsadas por IA ha demostrado un crecimiento significativo, con ingresos recurrentes anuales que han aumentado más de 4 veces desde la inversión de KKR en 2020, superando ahora los 300 millones de dólares.
La plataforma GreyMatter de la empresa se integra con más de 200 herramientas de ciberseguridad y aprovecha la IA Agentic para la automatización. La tecnología permite la detección y respuesta a amenazas en minutos, con los clientes realizando investigaciones 20 veces más rápido y logrando una 30% más de precisión en comparación con los métodos tradicionales. ReliaQuest está creciendo actualmente a más de un 30% interanual y opera de manera rentable.
ReliaQuest는 5억 달러를 초과하는 새로운 자금 조달 라운드를 확보했으며, EQT가 주도하고 기존 투자자인 KKR 및 FTV Capital이 참여하여 회사의 가치를 34억 달러로 끌어올렸습니다. AI 기반의 보안 운영 회사는 KKR의 2020년 투자 이후 연간 반복 수익이 4배 이상 증가하여 현재 3억 달러를 초과하는 성장을 보여주고 있습니다.
회사의 GreyMatter 플랫폼은 200개 이상의 사이버 보안 도구와 통합되며, 자동화를 위해 Agentic AI를 활용합니다. 이 기술은 위협을 몇 분 안에 탐지하고 대응할 수 있게 하며, 고객들은 전통적인 방법에 비해 20배 더 빠르게 조사를 수행하고 30% 더 높은 정확도를 달성하고 있습니다. ReliaQuest는 현재 연간 30% 이상 성장하고 있으며, 수익성 있게 운영되고 있습니다.
ReliaQuest a sécurisé un nouveau tour de financement dépassant 500 millions de dollars, dirigé par EQT avec la participation des investisseurs existants KKR et FTV Capital, portant la valorisation de l'entreprise à 3,4 milliards de dollars. L'entreprise spécialisée dans les opérations de sécurité alimentées par l'IA a démontré une croissance significative, avec des revenus annuels récurrents ayant augmenté de plus de 4 fois depuis l'investissement de KKR en 2020, dépassant désormais 300 millions de dollars.
La plateforme GreyMatter de l'entreprise s'intègre à plus de 200 outils de cybersécurité et utilise l'IA Agentic pour l'automatisation. La technologie permet la détection et la réponse aux menaces en quelques minutes, les clients réalisant des enquêtes 20 fois plus rapidement et atteignant une précision supérieure de 30% par rapport aux méthodes traditionnelles. ReliaQuest connaît actuellement une croissance de plus de 30% d'une année sur l'autre et fonctionne de manière rentable.
ReliaQuest hat eine neue Finanzierungsrunde von über 500 Millionen Dollar gesichert, die von EQT geleitet wird, mit Beteiligung der bestehenden Investoren KKR und FTV Capital, was die Bewertung des Unternehmens auf 3,4 Milliarden Dollar erhöht. Das KI-gestützte Sicherheitsunternehmen hat ein signifikantes Wachstum gezeigt, mit einem jährlichen wiederkehrenden Umsatz, der seit der Investition von KKR im Jahr 2020 um mehr als das 4-fache gestiegen ist und nun 300 Millionen Dollar übersteigt.
Die GreyMatter-Plattform des Unternehmens integriert sich mit über 200 Cybersicherheits-Tools und nutzt Agentic AI für die Automatisierung. Die Technologie ermöglicht die Bedrohungserkennung und -reaktion innerhalb von Minuten, wobei Kunden Ermittlungen 20-mal schneller durchführen und eine 30% höhere Genauigkeit im Vergleich zu traditionellen Methoden erreichen. ReliaQuest wächst derzeit um über 30% im Jahresvergleich und arbeitet profitabel.
- Secured $500+ million funding round at $3.4 billion valuation
- 4x growth in Annual Recurring Revenue since 2020, exceeding $300 million
- 30%+ year-over-year growth while maintaining profitability
- Platform delivers 20x faster investigations with 30% greater accuracy
- Integration capabilities with 200+ cybersecurity tools
- None.
Insights
This $500+ million funding round for ReliaQuest represents a significant validation of KKR's investment thesis in the cybersecurity space. Since KKR's initial investment in 2020, ReliaQuest has demonstrated exceptional performance metrics with Annual Recurring Revenue growing 4x and recently surpassing $300 million. The company is maintaining 30%+ year-over-year growth while operating profitably – a rare combination in today's market.
The new $3.4 billion valuation provides a valuable mark-to-market reference point for KKR's existing stake, though specific ownership percentages aren't disclosed. KKR's decision to participate in this follow-on round suggests continued confidence in ReliaQuest's growth trajectory and leadership position in AI-powered security operations.
For KKR's portfolio performance, this investment appears to be tracking exceptionally well. The company's focus on enterprise cybersecurity automation through its GreyMatter platform addresses clear market demand, as evidenced by their impressive revenue scaling. Their profitable growth model also positions them favorably for potential future exit options, whether through IPO or strategic acquisition.
KKR's continued involvement alongside new investor EQT and existing investor FTV Capital creates a strong consortium of financial backers to support ReliaQuest's international expansion and product development. This investment success enhances KKR's credentials in identifying and scaling high-performance technology companies, potentially strengthening their position when raising future funds.
Growth round led by new investor EQT and existing investors KKR and FTV Capital
ReliaQuest has established itself as a global cybersecurity leader, delivering a differentiated, AI-driven approach to security operations for large enterprises. The company’s technology platform, GreyMatter, seamlessly integrates with over 200 different cybersecurity tools, allowing security teams to leverage their current or future technology stack to drive greater visibility and AI-driven automation. This enables security teams to detect, contain, investigate and respond to cyber threats across a variety of cyber solutions within minutes, all while eliminating the most mundane work out of cybersecurity and delivering more value from existing investments.
This latest round of funding comes at a time of accelerating growth for ReliaQuest. Since the company’s last funding round led by KKR in 2020, the company has grown Annual Recurring Revenue more than 4x – recently surpassing
“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. CISOs need a way to contain threats within minutes without added cost or technical overhead, leveraging the latest innovations in Agentic AI,” said Brian Murphy, ReliaQuest founder and CEO. “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.”
“Brian’s passion and dedication to building a world-class, mindset-driven organization is at the core of ReliaQuest’s success and sets a strong foundation upon which to build a category-defining cybersecurity company,” said Kirk Lepke, Partner in the EQT Growth advisory team. “By enriching GreyMatter with AI and automation capabilities, ReliaQuest has accelerated ahead of the pack, and now stands out as one of the only software vendors capable of managing security operations for the most complex enterprise environments. We are delighted to lead this funding round and look forward to supporting the company with our global platform as they continue to deliver solutions needed to push the industry forward.”
“When we first invested in ReliaQuest in 2020, we recognized its enormous potential given the rise of cyberattacks and the challenges cybersecurity teams faced in managing a multitude of tools with limited manpower. Over the years, the company has transformed with its leading AI-driven software platform, a relentless focus on innovation and a unique company culture,” said Stephen Shanley, Partner and Head of Tech Growth in
“Having partnered with ReliaQuest for nearly a decade, we’ve witnessed first-hand Brian’s visionary leadership and the team’s exceptional ability to innovate and execute as they scaled from a bootstrapped startup to a leading global player in the cybersecurity ecosystem,” said Kyle Griswold, Partner at FTV Capital. “With consistent outperformance and a proven track record of serving many of the world’s largest enterprises, it’s clear that ReliaQuest’s AI-driven platform is uniquely positioned to empower customers with a best-of-breed approach towards cybersecurity, improving automation, operational efficiencies and, most critically, results. As ReliaQuest continues to shape the future of security operations, we are proud to continue our partnership for another successful era of growth ahead.”
In the face of rapidly evolving and increasingly sophisticated cyberattacks, ReliaQuest's cloud-native GreyMatter technology is helping businesses striving to stay ahead of malicious threats. According to ReliaQuest’s Annual Cyber-Threat Report, threat actors can now move laterally within networks in an average of 48 minutes, highlighting the urgent need for faster, more effective security operations.
ReliaQuest’s GreyMatter platform, powered by Agentic AI models that can operate and learn autonomously, addresses this challenge by automating security processes and significantly reducing the time to contain threats. Using GreyMatter’s automation and AI capabilities, ReliaQuest customers can now perform investigations 20 times faster and with
Goldman Sachs & Co LLC acted as exclusive financial advisor to ReliaQuest and Gibson Dunn acted as legal counsel to ReliaQuest and KKR. EQT Growth was advised by Piper Sandler and Freshfields US LLP.
About ReliaQuest
ReliaQuest exists to Make Security Possible. Our Agentic AI-powered security operations platform, GreyMatter, allows security teams to detect threats at the source, contain, investigate and respond in less than 5 minutes—eliminating Tier 1 and Tier 2 security operations work. GreyMatter uses data-stitching, detection-at-source, AI, and automation to seamlessly connect telemetry from across cloud, multicloud, and on-premises technologies.
ReliaQuest is the only cybersecurity technology company that delivers outcomes specific to each organization’s unique architecture, technology, and business needs.
With over 1,000 customers and 1,200 teammates across six global operating centers, ReliaQuest Makes Security Possible for the most trusted enterprise brands in the world. Learn more at www.reliaquest.com.
About EQT
EQT is a purpose-driven global investment organization with
More info: www.eqtgroup.com
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About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About FTV Capital
FTV Capital is a sector-focused growth equity investment firm that has raised more than
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Media:
ReliaQuest
Kim Hill
khill@reliaquest.com
EQT
Max Berger or Finn McLaughlan
press@eqtpartners.com
KKR
Liidia Liuksila or Emily Cummings
+1 (212) 750-8300
media@kkr.com
FTV Capital
Prosek Partners for FTV Capital
(646) 818-9051
pro-ftvcapital@prosek.com
Source: ReliaQuest
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