Cybersecurity firm, riding high on 450% growth, lands $300M investment

Tampa-based ReliaQuest receives funding from multiple sources, including founder and CEO.

By Business Observer Staff
| 9:59 a.m. August 25, 2020
| 0 Free Articles Remaining!

Courtesy. Brian Murphy is the founder and CEO of ReliaQuest, a Tampa-based cybersecurity firm.

Tampa Bay-Lakeland

TAMPA — Cybersecurity firm ReliaQuest has raised a total of $300 million in growth financing from global investment firm KKR, Ten Eleven Ventures and Brian Murphy, the firm’s founder and CEO.

According to a press release, the funds will support ReliaQuest’s international expansion, platform development and other growth initiatives. Over the past three years, the firm’s revenue has grown at a 450% rate as more clients around the world have adopted its GreyMatter software-as-a-service platform, a service that uses artificial intelligence and automation to bolster data security.