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SecurityScorecard Partners with Sequoia in $12.5 Million Series 'A' Funding RoundNEW YORK, March 24, 2015 /PRNewswire/ -- SecurityScorecard™, the leading security company to predict and remediate potential security risks across organizations and their partners, today announced it has partnered with Sequoia and raised $12.5 million in Series A financing. The round also includes participation from existing investors Boldstart and Evolution Equity Partners. The company has raised a total of $14.7 million. Michael Goguen, partner at Sequoia, has joined the company's board. SecurityScorecard provides precise global threat intelligence and risk awareness continuously and non-intrusively so businesses and their partners can collaboratively predict and remediate data security issues. The company's Threatscape benchmarking service gives organizations unique visibility into the security posture of their partners and vendors. Now companies can collaborate with their partners to close the loop on open security issues, protecting their revenue and brand integrity. "As data breaches increase in frequency, audacity and cost, the need for accurate and comprehensive security analysis across your entire partner ecosystem has never been greater," said SecurityScorecard co-founder and CEO Dr. Aleksandr Yampolskiy. "Companies can save millions by stopping intrusions for as little as $6 a day using SecurityScorecard. Of the nearly $77 billion that will be spent on cybersecurity in 2015, an investment in SecurityScorecard might well yield the best return." As cloud services proliferate, companies are struggling to accurately assess, monitor and benchmark the security posture of their own enterprises. Add in the security risks introduced by third-party vendors and the challenge becomes nearly unmanageable. The existing approaches to assessing security, which require crude paper surveys or highly intrusive penetration tests, are labor intensive and yield incomplete information. "In this time of nonstop and highly-publicized breaches, CISOs dred the one line email from their CEOs asking 'How secure are we?'" said Goguen. "SecurityScorecard provides the answer in minutes with a deep and ongoing assessment of your company's security risks and actionable intelligence to address them. As a former CISO himself, Aleksandr and his SecurityScorecard team understand this pain and how to address it." Organizations that have already taken advantage of SecurityScorecard's benefits include Fortune 500 leaders in financial services, retail, healthcare and manufacturing industries including Trinet, Gilt Groupe, Deerfield Management, Shutterstock, and Harry's. About SecurityScorecard SecurityScorecard was founded in 2013 by CEO Dr. Aleksandr Yampolskiy and COO Sam Kassoumeh, both former Gilt Groupe heads of security and compliance, and is headquartered in New York. SecurityScorecard investors include Sequoia Capital, Evolution Equity Partners, Boldstart Ventures, Atlas Ventures and others. About Sequoia About BOLDstart Ventures About Evolution Equity Partners For further information, please visit www.securityscorecard.com, email [email protected] or call 800-682-1707. SecurityScorecard and the SecurityScorecard logo are trademarks of SecurityScorecard, Inc. Other marks belong to their respective owners. Logo - http://photos.prnewswire.com/prnh/20150323/183945LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/securityscorecard-partners-with-sequoia-in-125-million-series-a-funding-round-300054965.html SOURCE SecurityScorecard |