Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, February 24 2022 - 00:17
AsiaNet
Liberty Strategic Capital Leads Investment Round in BlueVoyant, an Industry-Leading Cyber Defense Platform
WASHINGTON, Feb. 23, 2022, /PRNewswire-AsiaNet/ --

Liberty Strategic Capital, a private equity firm founded and led by former 
Secretary of the Treasury Steven T. Mnuchin, today announced that it has 
entered into a definitive agreement with BlueVoyant, LLC, an industry-leading 
cyber defense platform, to invest a total of $125 million in the company and 
lead BlueVoyant's Series D financing round of $250 million. This is Liberty 
Strategic Capital's fourth investment since its founding and its third 
investment in the cybersecurity industry, one of Liberty's primary focus areas. 

BlueVoyant is a cybersecurity defense firm that operates four lines of 
business: managed security services, providing 24x7 cyber threat detection and 
response inside customer networks; third-party cyber risk defense, providing 
supply chain and vendor network illumination; digital risk protection, 
providing brand protection, threat intelligence and incident response; and 
professional services, mission critical cybersecurity services. BlueVoyant's 
platform and service provide a high degree of automation and customization, 
supported by cybersecurity analysts with substantial experience at major global 
cyber defense government organizations including the National Security Agency, 
the Federal Bureau of Investigation, Unit 8200 of the Israel Defense Forces, 
and the U.K.'s GCHQ, as well as private sector cybersecurity experts.  

The rapid emergence and increased severity and frequency of cyber threats 
coupled with a prolonged shortage of cybersecurity talent have created a 
significant gap in the ability to provide adequate defense of critical 
infrastructure. Liberty believes BlueVoyant is well positioned to fill this gap 
by providing a platform to merge best-in-class cybersecurity defense technology 
into a managed services platform for customers. Furthermore, as new 
cybersecurity threats emerge and defense technologies adapt, BlueVoyant is 
positioned to remain agile in the face of a constantly shifting threat 
landscape.  

Secretary Mnuchin, Founder and Managing Partner of Liberty Strategic Capital, 
said: "As cyber threats increase, BlueVoyant has positioned itself as a 
differentiated leader in managed detection and response, third-party cyber risk 
management, digital risk protection, and cybersecurity professional services. 
We're thrilled to partner with BlueVoyant and its top-tier management team as 
they continue to drive growth in this critical and rapidly expanding market." 
 
Jim Rosenthal, Co-Founder and CEO of BlueVoyant, said: "When we started 
BlueVoyant, we knew that cybersecurity was quickly becoming one of the most 
significant threats businesses and government agencies face, and something our 
team was uniquely prepared to address. In just over four years, we have grown 
to more than 560 employees and have earned the trust of more than 700 
customers. The market demand we are seeing is tremendous and we see this trend 
accelerating as security professionals pivot to our outcome-based cybersecurity 
solutions."

Tom Glocer, Executive Chairman and Co-Founder of BlueVoyant, said: "As lead 
director at two Fortune 100 companies, I see the growing demand for advanced 
cybersecurity solutions. This demand will only grow over the coming years, and 
BlueVoyant is uniquely equipped to meet both the internal and external needs of 
organizations large and small."
 
In connection with Liberty's investment in BlueVoyant, Secretary Mnuchin will 
join BlueVoyant's Board of Directors. 
 
Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to 
Liberty Strategic Capital.  

About BlueVoyant 

At BlueVoyant, we recognize that effective cybersecurity requires active 
prevention and defense across both your organization and supply chain. Our 
proprietary data, analytics, and technology, coupled with deep expertise, work 
as a force multiplier to secure your full ecosystem. 

Accuracy. Actionability. Timeliness. Scalability. 

Founded in 2017 by former Fortune 500 and former government cyber officials, 
BlueVoyant is headquartered in New York City and has personnel in Washington, 
D.C., Maryland, San Francisco, Israel, the Philippines, Canada, the U.K., 
Spain, Australia, Hungary, the Czech Republic, Romania, Slovakia, the 
Netherlands, Belgium, Germany, Sweden, Denmark, El  Salvador, Colombia, Mexico, 
and Panama. 

About Liberty Strategic Capital 

Liberty Strategic Capital is a Washington, D.C.-based private equity firm 
focused on strategic investments in technology, financial services and fintech, 
and new forms of content. The firm was founded in 2021 and is led by former 
Secretary of the Treasury Steven T. Mnuchin. Liberty's portfolio includes 
significant investments in the cybersecurity technology firms Cybereason and 
Contrast Security, as well as an investment in the satellite technology firm 
Satellogic. 

The BlueVoyant investment will be Liberty Strategic Capital's fourth investment 
since its founding earlier last year. As Secretary of the Treasury and a member 
of the National Security Council, Secretary Mnuchin helped shape the U.S. 
government's approach to cyber threats, including supervising the design of new 
economic sanctions targeting Iranian, Russian, and North Korean cyber attackers 
and transnational cyber criminals, and using sanctions authorities to combat 
ransomware attacks. Secretary Mnuchin was also the U.S. government's lead 
official responsible for cybersecurity across the financial services sector. In 
that capacity, he worked directly with top U.S. regulators and chief executives 
of the largest U.S. financial institutions on cybersecurity preparedness, 
regulatory coordination, and incident response. In addition, Secretary Mnuchin 
led the modernization of technology and data security within the Internal 
Revenue Service to better protect the single largest collection of sensitive 
personal financial data in the country. 

Liberty Managing Director Michael D'Ambrosio, a former Assistant Director of 
the United States Secret Service with deep experience in national security 
issues, played a key role in this investment. Mr. D'Ambrosio will play a 
leading role in Liberty's efforts to provide strategic assistance to BlueVoyant 
by joining its strategic advisory board.

BlueVoyant Press Contact
Jennifer Schlesinger
T: +1 201.397.4976
E: jenny.schlesinger@bluevoyant.com


JOINT SOURCE: BlueVoyant and Liberty Strategic Capital
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