STOCKHOLM, March 31, 2025 /PRNewswire/– EQT is pleased to announce that the EQT Growth fund ( “EQT” ), as well as existing investors KKR and FTV Capital, have led a growth funding round in ReliaQuest ( the” Company” ), a leader in AI-powered security operations. The large brings the Company’s pricing to USD 3.4 billion and is also joined by Ten Eleven Ventures and Finback Investment Partners. This innovative financing will help ReliaQuest’s continued development, fueling further development in agentic AI-driven security automation and supporting the Company’s continued international expansion.
ReliaQuest has established itself as a global security head, delivering a separated, AI-driven approach to safety procedures for large enterprises. The company’s technology platform, GreyMatter, easily integrates with over 200 different security tools, allowing safety teams to leverage their current or future technology stack to pull greater visibility and AI-driven automation. This enables surveillance teams to discover, have, investigate and respond to digital threats across a variety of digital solutions within minutes, all while eliminating the most mundane cybersecurity work and delivering more value from existing investments.
This latest round comes at a time of accelerating development for ReliaQuest. Since the Company’s last financing round in 2020, it has grown Monthly Recurring Revenue more than 4x – just surpassing USD 300 million – and is now growing more than 30 percent year-over-year while operating effectively.
” Everything we have done at ReliaQuest has always been driven by the problem we solve for our customers. Enterprise security teams have more data in more places than ever before, and the speed of the threat is rapidly increasing. CISOs need a way to contain threats within minutes without added cost or technical overhead, leveraging the latest innovations in Agentic AI”, said Brian Murphy, ReliaQuest founder and CEO. ” This new investment is a key step along our growth trajectory as a company, but most importantly it will allow us to deliver better security outcomes for even more CISOs around the world”.
” Brian’s passion and dedication to building a world-class, mindset-driven organization is at the core of ReliaQuest’s success and sets a strong foundation upon which to build a category-defining cybersecurity company”, said Kirk Lepke, Partner in the EQT Growth advisory team. ” By enriching GreyMatter with AI and automation capabilities, ReliaQuest has accelerated ahead of the pack, and now stands out as one of the only software vendors capable of managing security operations for the most complex enterprise environments. We are delighted to lead this funding round and look forward to supporting the company with our global platform as they continue to deliver solutions needed to push the industry forward”.