BlueVoyant: Monitoring and Addressing Internal and External Cyber Threats

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For many companies, cybersecurity continues to be a pernicious and complex problem. Moreover, during and after the Covid-19 pandemic, many workers started connecting to the business networks from home systems, leading to a vastly-expanded attack surface for bad actors. The more individual workers and companies connect to the specific organization, the more the risk of cyberattacks increases.

BlueVoyant, a New York-based company, provides a mix of proprietary technology, third-party best-in-class tools, and professional services to implement cyber defense solutions and manage both internal and external risk to enterprises.

Let's uncover everything about BlueVoyant, from its founders and startup story to funding and growth.

BlueVoyant – Company Highlights

About BlueVoyant
BlueVoyant - Industry
BlueVoyant - Founders and Team
BlueVoyant - Startup Story
BlueVoyant - Mission and Vision
BlueVoyant - Business Model
BlueVoyant - Products and Services
BlueVoyant - Funding and Investors
BlueVoyant - Mergers and Acquisitions
BlueVoyant - Growth
BlueVoyant - Partners
BlueVoyant - Awards and Achievements
BlueVoyant - Competitors

About BlueVoyant

BlueVoyant is a cybersecurity company offering an end-to-end internal and external cyber defense platform for helping organizations drive business results. Designed to deliver a fully immersive cybersecurity experience, BlueVoyant's internal and external cyber defense capabilities provide the security outcomes for business needs. The platform continuously monitors the enterprise's network, endpoints, supply chain, attack surface, and dark web for threats and protects it.

Headquartered in New York City and offices in London, College Park (Maryland), Toronto, Tel Aviv, Budapest, Bogota, Singapore, and Manila, BlueVoyant serves nearly 1,000 clients in 40+ nations worldwide.

BlueVoyant - Industry

BlueVoyant is a significant part of the cybersecurity industry. The industry's global market size was valued at $221.72 billion in 2022 and is projected to grow to $422.39 billion by 2027, with a growing CAGR of 13.75% during the forecast period. Increased data breaches, rising digitalization, and advanced cyber intrusions are some of the significant market growth driving factors.

Even during the Covid-19 pandemic, many companies increasingly shifted to remote working culture and deployed cyber security solutions, leading to industry growth. Some enterprises ruling the cybersecurity industry are Palo Alto Networks, Cisco Systems, Inc., McAfee, Inc., and Trend Micro, Inc.

BlueVoyant - Founders and Team

James Rosenthal and Thomas Glocer are the co-founders of BlueVoyant.

James Rosenthal

James Rosenthal is the Co-Founder and CEO of BlueVoyant. He earned a bachelor's degree from Yale University and went to Law School for Law. Before co-founding BlueVoyant, James worked as Senior Partner at McKinsey & Company, Head of Corporate Strategy and Corporate Development at Lehman Brothers, CFO at Tishman Speyer, and COO at Morgan Stanley.

Thomas Glocer

Thomas Glocer is the Co-Founder and Executive Chairman of BlueVoyant. He attended Columbia College, Columbia University for B.A. in Political Science and Government, and Yale Law School for Law. In addition to BlueVoyant, Thomas works at CAPITOLIS as Executive Chairman and Founder, Morgan Stanley as Lead Director, and Isatari Global as Chairman.

BlueVoyant is a team of 650+ employees from more than 20 countries.

BlueVoyant - Startup Story

BlueVoyant was co-founded by James Rosenthal and Thomas Glocer in 2017 to stop cyberattacks. The company was born from years of experience building cyber defense capabilities for some of the world's most critical and hardened enterprises. It was previously named BlueteamGlobal, created by merging three cybersecurity technology businesses- BitVoyant, K2 Cyber Defense, and K2G. The company was rebranded as BlueVoyant in November 2017.

BlueVoyant opened a new office in College Park, Maryland, in February 2018. The company expanded its operations to the Philippines in October 2019. BlueVoyant launched CRx to reduce cyber risk in business ecosystems in September 2020. It expanded its portfolio of services across Europe in February 2021 and, five months later, launched Modern SOC for Splunk Cloud Platform.

A year later, BlueVoyant launched New Ransomware Attack Playbook, grew its Asia Pacific and Japan Operations by expanding its presence in Singapore, and opened its European Regional headquarters in Budapest.

BlueVoyant - Mission and Vision

BlueVoyant's mission is the stop cyberattacks. It aims to solve some of the most pressing cybersecurity challenges enterprises and government entities face.

BlueVoyant - Business Model

BlueVoyant's core premise is to present a platform addressing the security issues for companies finding it challenging to deploy internal and external cyber defense. The company leverages specific MDR toolsets and third-party technology to manage detection and response for threats that have made it past the enterprise's existing security walls and cover internal infrastructure.

Externally, BlueVoyant Gas built a system to develop an overview of the organization's wider supply chain. The company's real-time monitoring solutions assess when and if third-party organizations' domains are encountering malicious activity. BlueVoyant needs the enterprise's name and domain, and the platform does the rest, i.e., alerting the enterprise and fixing the issue.

Depending on the client's business needs and requirements, the platform can be deployed independently or as a full-spectrum cyber defense solution.

BlueVoyant - Products and Services

BlueVoyant's platform offers Managed Detection & Response and Supply Chain Defense. The company delivers multiple services, including Digital Forensics & Incident Response, Incident Preparedness, Governance, Risk & Compliance, Penetration Testing, and Security Maturity & Readiness Programs.

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BlueVoyant - Funding and Investors

BlueVoyant has undertaken 4 funding rounds to raise $525.5 million. Its latest funding round - Series D Round, was completed on February 23, 2022, and raised $250 million. Some leading investors backing the company are J.A.S Ventures, 8VC, Fiserv, ISTARI, Eden Global Partners, Liberty Strategic Capital, and many others.

BlueVoyant - Mergers and Acquisitions

BlueVoyant has acquired 8 companies and these are as follows:

BlueVoyant - Growth

BlueVoyant's annual recurring revenues grew by 80%, and the average global deal size increased by over 40% in 2022. Its employees count increased by 35%. Moreover, its post-money valuation increased from $430 million in 2019 to $1 billion+ in February 2022.

BlueVoyant - Partners

BlueVoyant technology and channel partners are as follows:

• Microsoft
• Splunk
• SentinelOne
• CrowdStrike
• 360 Visibility
• Blackwood
• Xylos
• Red River
• Sirius
• Joseon Group

BlueVoyant - Awards and Achievements

BlueVoyant is honored with the following listed awards and recognitions:

• Won the 2023 Security MSSP (Managed Security Service Provider) and the U.S. Partner of the Year awards from Microsoft Security
• Won an award for Threat Detection at the 2022 Fortress Awards
• Recognized as one of the Fastest Growing Companies in North America by Deloitte in 2022
• Named in the 2022 Security 100 list and 5-Star Rating in the 2022 Partner Program Guide by CRN
• BIG Awards for Business named BlueVoyant a Company of the Year

BlueVoyant - Competitors

Some competitors of BlueVoyant are listed below:

• Sophos
• ReliaQuest
• Artic Wolf
• CrowdStrike
• Rapid7
• Red Canary
• Secureworks
• eSentire
• Binary Defense

FAQs

What is BlueVoyant?

BlueVoyant is a cybersecurity company offering an end-to-end internal and external cyber defense platform for helping organizations drive business results.

Who are the founders of BlueVoyant?

James Rosenthal and Thomas Glocer are the co-founders of BlueVoyant.

Who are the main competitors of BlueVoyant?

The main competitors of BlueVoyant include Sophos, ReliaQuest, Artic Wolf, CrowdStrike, Rapid7, Red Canary, Secureworks, eSentire, and Binary Defense.