Tampa cybersecurity firm reaches $3.4B valuation milestone

Tampa-based cybersecurity firm ReliaQuest recently announced a new round of funding. The $500 million investment brings the company’s valuation to $3.4 billion, considered a "triple unicorn" in the world of investment. 

The term "unicorn" was coined by venture capitalist Aileen Lee, referring to a privately held company that exceeds $1 billion in valuation. 

The new round was made possible with new partners EQT, KKR and FTV Capital, with contribution from existing investors Ten Eleven Ventures and Finback Investment Partners, according to a statement.