BlueVoyant: the next MSSP, MDR security unicorn?

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BlueVoyant scales MSSP, Managed Detection and Response (MDR), and supply chain security services. BlueVoyant funding at a valuation of $ 1.4 billion could be next, according to the report.

BlueSight Apparently seeking to raise $ 150 million, and the funding round could price the next-gen MSSP at $ 1.4 billion – although terms are not finalized, Bloomberg reported.

BlueVoyant, initially known as BlueteamGlobal, was formed through the combination of three cybersecurity companies and secured $ 125 million in funding in 2017. Fast forward to 2021, and BlueVoyant has remained very active on financing, acquisition and business development fronts.

BlueVoyant: Cybersecurity Business Timeline

Among the next-generation commercial movements of the MSSP in 2021:

BlueVoyant Managed and Professional Cyber ​​Security Services

Bring all these activities together and BlueVoyant cybersecurity services now include:

  • Third Party Cyber ​​Risk Management for Supply Chains.
  • Managed Discovery and Response (MDR) for Microsoft 365, Endpoint, and Splunk environments.
  • Digital risk protection that constantly monitors domains and websites, social media, apps in official and unofficial stores, deep & dark web, instant messaging and open source.
  • Professional services that cover proactive services as well as incident response.

Among the variables that we do not know: monthly recurring income (MRR) and profits (or losses) of BlueVoyant. Additionally, we don’t know how much of the revenue involves software-driven intellectual property versus human-driven SOC operations. We will look for clues that could ultimately answer these questions.

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