Threat Intelligence Firm Recorded Future Acquired for $780 Million
Threat intelligence provider Recorded Future announced on Thursday that Insight Partners has agreed to acquire a controlling interest in the company, in addition to the minority stake previously owned by Insight. The all-cash transaction values Recorded Future at more than $780 million.
Recorded Future collects threat intelligence from open, technical, and dark web sources in real time and leverages machine learning to provide targeted analytics and alerts to clients. The company says that 91% of Fortune 100 companies use its services, and that it processes billions of data points per day in multiple languages from the open, deep, and dark web to provide customers with a customized view of the threat landscape to reveal emerging attackers, methods, and indicators.
Boston, Mass.-based Recorded Future has raised nearly $60 million in funding to date, including a $25 million Series E investment from Insight Partners in late 2017.
“This evolution of our relationship will allow Recorded Future to better serve its current and future clients as we tap into the full potential of our technical roadmap and position our software to truly answer some of the most difficult and unique intelligence challenges faced by our community,” Christopher Ahlberg, co-founder and CEO of Recorded Future, said in a statement.
“Insight’s renewed investment is a testament to the vision and direction laid out by Recorded Future’s leadership team. They envision a world where everyone applies intelligence at speed and scale to reduce risk, remaining hyper-focused on providing clients with the threat intelligence necessary to understand their environments, manage risk, and combat malicious actors through contemporary awareness gained from the implementation of a threat intelligence-led security strategy. We are thrilled to partner with Recorded Future on this next stage of growth and look forward to what’s to come,” added Mike Triplett, managing director at Insight.
SecurityWeek has requested additional details on the transaction and will update this article accordingly if the requested information is recieved.
The acquisition of Recorded Future adds to a busy week in cybersecurity M&A. On Wednesday, network security firm Palo Alto Networks announced that it has agreed to pay roughly $410 million in cash to acquire container security Twistlock, and an undisclosed amount to acquire “serverless security” firm PureSec. On Tuesday, FireEye announced its acquisition of Verodin, a provider of tools that help test the effectiveness of cyber security controls, in a deal valued at roughly $250 million in cash and stock.