Black Kite: Raises $22M in Series B Funding

Black Kite Raises $22M in Series B Funding

• Black Kite, a Boston, MA-based third-party cyber risk ratings company, raised $22 in Series B funding
• The round was led by Volition Capital, with participation from existing investors Moore Strategic Ventures, LLC (MSV), Glasswing Ventures, and Data Point Capital
• The company intends to use the funds to expand investment in marketing, customer success, channels, and strategic partnerships
• Since 2019, BlackKite has secured more than $33.1 million in venture capital investments, fueling momentum and increasing market penetration
• Digital supply chains are growing at an annual rate of 11.2% and are forecasted to double in size by 2026
• BlackKite’s patented platform and global data lake offers cyber risk assessments and quantification for more than 34 million entities in minutes