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Denver-based cyber risk analytics startup CyberGRX Inc. raised a $9 million Series A from Alphabet Inc.’s GV, the venture capital affiliate of Massachusetts Mutual Life Insurance Company and The Blackstone Group L.P.
CyberGRX says that its platform isn’t limited to analyzing vendors alone: The software will also be able to assess the risk that a company faces from partners and customers. Both groups often require access to sensitive systems or data that are potentially just as big of a target for hackers as a vulnerability in an internal application. The startup’s value proposition is underpinned by the credentials of its founders, namely former Bank of America Corporation CISO Pat Gorman, former American Express security veep Tony Urbanovich and NSA veteran Bryan Smith. The team will use the funding from today’s round to lay down the groundwork for their platform’s upcoming launch.
