EQT leads funding round exceeding USD 500 million in ReliaQuest, a leader in AI-powered security operations
- Editor
- Mar 31
- 2 min read
Whats Happening:
EQT Growth fund, along with existing investors KKR and FTV Capital, is leading a funding round exceeding USD 500 million in ReliaQuest, a leader in AI-powered security operations. The round values ReliaQuest at USD 3.4 billion and includes participation from Ten Eleven Ventures and Finback Investment Partners. This new funding will support ReliaQuest's continued growth, fueling further innovation in agentic AI-driven cybersecurity automation and supporting the company's ongoing international expansion.
Key Moves:
EQT Growth fund leads funding round exceeding USD 500 million in ReliaQuest
ReliaQuest's valuation reaches USD 3.4 billion
Funding to support ReliaQuest's growth, innovation in AI-driven cybersecurity, and international expansion
By The Numbers:
ReliaQuest's valuation: USD 3.4 billion
ReliaQuest's Annual Recurring Revenue surpassed USD 300 million
ReliaQuest is currently growing more than 30 percent year-over-year
Key Quotes:
"Everything we have done at ReliaQuest has always been driven by the problem we solve for our customers," 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," said Brian Murphy.
"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," said Kirk Lepke, Partner in the EQT Growth advisory team.
Bottom Line:
EQT's significant investment in ReliaQuest underscores the growing importance of AI-powered cybersecurity solutions in today's digital landscape. With a valuation of USD 3.4 billion and strong revenue growth, ReliaQuest is well-positioned to expand its market presence and continue innovating in the field of security operations. This funding round not only validates ReliaQuest's business model but also signals increasing investor confidence in AI-driven cybersecurity platforms.
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