Goodwin Procter client BitSight Technologies recently announced it has closed a $24 million Series A financing. The financing was led by Globespan Capital Partners and Menlo Ventures, who joined existing investors Flybridge Capital Partners and Commonwealth Capital Ventures. The funds will be used to expand product development, increase personnel headcount and launch the company’s first product.
BitSight, founded in 2011 and based in Cambridge, Mass., provides clients with big data analytics for risk management, including collecting and analyzing data on security behaviors and identifying security risks to prevent cyber attacks.
The Goodwin team advising BitSight was led by partner John Egan and included partner David Powers.
More information about the financing and BitSight’s business can be found in the company’s press release.