Bitsight

Bitsight

Cybersecurity ratings provider for risk management

Overview

Bitsight provides external cybersecurity ratings that quantify an organization’s security posture. It collects and analyzes signals from the internet—such as exposed assets, vulnerabilities, malware activity, and misconfigurations—then converts them into a continuous risk score and rating that updates over time. This helps customers like lenders, insurers, and enterprise security teams assess risk, monitor changes, and make informed decisions. Compared with competitors, Bitsight focuses on a standardized, widely adopted ratings framework backed by ongoing monitoring across many organizations, enabling easier integration into risk management workflows. The company’s goal is to transform how organizations manage cybersecurity risk by delivering objective, data-driven, continuously updated security ratings that stakeholders can trust.

About Bitsight

Simplify's Rating
Why Bitsight is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$402M

Headquarters

Boston, Massachusetts

Founded

2011

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Simplify's Take

What believers are saying

  • John Clancy became CEO on April 7, 2026, sharpening AI-first execution.
  • Bitsight's September 2026 launches target supply-chain breaches, the fastest-growing enterprise pain point.
  • Expanded agentic workflows reduce analyst toil and strengthen retention inside large security operations teams.

What critics are saying

  • Microsoft Defender EASM and SecurityScorecard compress pricing and erode Bitsight's standalone category.
  • Cybersixgill integration remains unfinished after December 2024, risking delayed cross-sell and product complexity.
  • If Microsoft, ServiceNow, or Palo Alto bundle comparable workflows, Bitsight's platform budgets shrink.

What makes Bitsight unique

  • Bitsight pioneered security ratings and still serves 3,500 customers across 68,000 organizations.
  • September 14, 2026 agentic Enterprise access fuses exposure monitoring, threat intel, and MCP workflows.
  • Cybersixgill integration gives Bitsight deep-web intelligence few ratings vendors possess.

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Funding

Total Funding

$402M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Parental Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↑ 3%

2 year growth

↑ 0%
PR Newswire
Sep 14th, 2026
Bitsight launches AI-powered platform to tackle 60% surge in supply chain breaches

Bitsight has launched agentic enterprise access to its cyber risk intelligence platform, combining threat intelligence with continuous exposure monitoring to help organisations manage supply chain risks. The move addresses a growing challenge: third-party breaches now account for nearly half of all enterprise security incidents, up over 60% from last year. The platform enables security operations and third-party risk teams to work from a single intelligence system, identifying exposures across supply chains and prioritising remediation workflows. Bitsight's dataset draws on over a decade of contextualised supply chain intelligence. "AI is upending the threat landscape," said John Clancy, Bitsight's CEO. "Every connection across the supply chain becomes a potential path for business disruption." More than 3,500 customers currently use Bitsight's services to monitor and respond to cyber risks.

PR Newswire
Apr 7th, 2026
Bitsight appoints John Clancy as CEO to drive AI-powered cyber risk intelligence growth

Bitsight, a cyber risk intelligence company, has appointed John Clancy as chief executive officer, effective immediately. Clancy succeeds Steve Harvey, who is stepping down after six years during which the company quadrupled in size. Clancy brings over 25 years of software industry experience. Most recently, he served as Managing Director and Head of Portfolio Operations at PSG Equity, where he founded and led a value creation team supporting more than 100 portfolio companies and drove AI strategy across the firm's portfolio. Bitsight serves over 3,500 customers and has more than 75,000 organisations on its platform. The company provides cyber risk intelligence using AI to analyse external cybersecurity data, helping organisations identify vulnerabilities and manage threats across their infrastructure and third-party ecosystems.

PR Newswire
Mar 19th, 2026
Bitsight launches Security Posture Management to strengthen enterprise cyber resilience

Bitsight, a cyber risk intelligence company, has launched Security Posture Management (SPM), a platform designed to help organisations measure and improve cyber resilience. The solution combines threat intelligence, business context and AI-driven prioritisation to provide a comprehensive view of enterprise risk. Bitsight SPM uses AI-driven asset mapping and vulnerability prioritisation to help organisations identify exposures most likely to be exploited. The platform offers continuous asset discovery across cloud, SaaS, subsidiaries and third parties, with global benchmarking against peer groups. The solution addresses growing pressure on security leaders to demonstrate measurable risk reduction as AI-enabled attacks accelerate. It includes framework mapping, remediation guidance and workflow integrations with tools like Jira and ServiceNow to reduce manual overhead and align security operations with regulatory requirements.

PR Newswire
Feb 10th, 2026
Bitsight launches dark web intelligence tool to predict third-party cyber threats before attacks unfold

Bitsight has launched Dark Web Intelligence for Supply Chains, a capability designed to detect and prioritise cyber threats across vendor ecosystems before they disrupt operations. The platform uses AI to surface real-time threat signals from deep, dark and open web sources, mapping them directly to an organisation's third-party suppliers. The system enables security teams to identify which vendors are being targeted or breached, often earlier than public disclosures. It correlates threat activity with vendor-specific exposures using the MITRE ATT&CK framework and employs Dynamic Vulnerability Exploitability scoring to predict which vulnerabilities will likely be exploited. The capability is now available as part of Bitsight Continuous Monitoring. According to the World Economic Forum, 78% of CEOs identify supply chain dependencies as a significant challenge to strengthening resilience.

DEVS.
May 16th, 2025
Bitsight Cuts Over 50 Jobs in Portugal, Replaces Roles with AI Technology

Devs.com.pt | US cybersecurity firm Bitsight lays off over 50 employees in Portugal, replacing roles with AI technology as part of a strategic shift. Following its $155M acquisition of Cybersixgill, Bitsight integrates generative AI to enhance cybersecurity solutions while continuing to invest in specialized talent in Lisbon.

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