Bishop Fox extends Series B funding to $129 million led by

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PHOENIX, Nov. 15, 2022 (GLOBE NEWSWIRE) — Bishop Fox, the leading authority on offensive security, today announced $46 million in growth funding from WestCap, with additional contributions from NextEquity Partners and Rockpool Capital. The funds build on the $75 million invested by Carrick Capital earlier this year, bringing the total round funding to $129 million. Bishop Fox has raised over $154 million in lifetime funding, including a $25 million Series A investment from Forgepoint Capital. The company also welcomed WestCap partner Kevin Marcus as a board observer.

Despite an uncertain economic climate, Bishop Fox has attracted the interest of several investors due to its proven long-term success and impressive momentum over the past twenty-four months. For nearly two decades, the company has maintained its reputation as the offensive security partner of choice, with customers including more than 25% of Fortune 100 companies, eight of the top 10 technology companies, and all of the largest global media companies. Maintaining an overall Net Promoter Score (NPS) above 80 for several years, Bishop Fox achieved a world-class score of 90 year-to-date through Q3 2022 for its consulting services.

“Bishop Fox has 18 years of experience identifying the most sophisticated attack vulnerabilities on behalf of some of the world’s most renowned brands,” said Kevin Marcus, Partner at WestCap. “Their ability to continuously monitor attack surfaces is particularly timely given the current environment of increasingly frequent attacks and costly data breaches.”

The funding will be used to accelerate the expansion of the company’s award-winning Cosmos platform, fuel go-to-market activities in North America, Europe and Latin America, and establish additional internal training programs designed to develop a new generation of cyber-talents. Born from nearly two decades of offensive security engagements, Cosmos represents the state of the art in attack surface protection and offensive security as a service. The platform is a force multiplier for a team of security experts who, aside from the federal government, represent the largest and most experienced group of offensive security professionals in the world. This combination allows Bishop Fox to provide the most comprehensive continuous protection in the industry and offers customers dramatic reductions in cost, time and resources without sacrificing safety.

“We’ve been very selective, deliberate and measured in our approach to external investment, and our sales force gives us that capability,” said Vinnie Liu, CEO of Bishop Fox. “We have also been equally selective in the partners we have chosen and the value they can bring in terms of expertise and resources. We are very pleased to have WestCap on board and look forward to maximizing our partnership. »

Perella Weinberg Partners LP served as Bishop Fox’s Series B financial advisor.

About WestCap

WestCap is a strategic investor and operator that partners with visionary leaders to build generational businesses. The WestCap team is made up of seasoned entrepreneurs and business builders who work side-by-side with founders to help businesses grow. WestCap has made notable investments like Airbnb, StubHub, Ipreo, Addepar, Hopper, iCapital, SIMON, GoodLeap and NYDIG. The company has offices in New York, San Francisco and London. For more information, visit https://westcap.com.

About NextEquity Partners

Founded by former Apple and Elevation Partners executives, NextEquity Partners supports innovative enterprise software and consumer technology companies for their next phase of growth. The company makes mid-stage venture capital investments in strategic, fast-growing companies targeting large markets with cutting-edge products, compelling business models and strong management teams. NextEquity is led by Avie Tevanian (former chief software technology officer at Apple and managing director at Elevation Partners), Adam Hopkins (previously managing director at Elevation Partners), Rami Reyes (previously managing director at Elevation Partners) and Fred Anderson (former managing director Financier of Apple and Managing Director of Elevation Partners). NextEquity draws on the deep technology, operations and private investment experience of its executives in managing or investing in companies such as Apple, Airbnb, Sonos, MarketShare, MasterClass, Venafi, Arctic Wolf and SentinelOne. For more information, visit www.nextequity.com.

About Rockpool Capital

Rockpool Capital is a Hong Kong-based multi-family office. Founded in 2017, Rockpool Capital manages and deploys capital across multiple asset classes, such as real estate and private equity. With a diverse management team with decades of international experience, the company has a strong cross-border footprint that includes transaction sourcing. He combines a unique investment experience with a tailored service, focused on maximizing value and achieving targeted results for his clients. For more information visit https://rockpoolcap.com/en

About Bishop Fox

Bishop Fox is the leading authority on offensive security, providing solutions ranging from continuous penetration testing, red teaming and attack surface management to product, cloud and application security assessments. We’ve worked with more than 25% of Fortune 100 companies, half of Fortune 10 companies, eight of the top 10 global technology companies, and all of the world’s largest media companies to improve their security. Our Cosmos platform has been named Best Emerging Technology at the 2021 SC Media Awards and our offerings are consistently rated as “world class” in customer experience surveys. We have been actively contributing to and supporting the security community for nearly two decades and have published over 16 open source tools and 50 security advisories in the past five years. Learn more about Bishopfox.com or follow us on Twitter.

Kevin Kosh
Senior Director of Communications
Bishop Fox
[email protected]
617.645.5931

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