Threat intelligence software company Recorded Future has announced that Insight Partners has agreed to acquire a controlling interest in the company, in addition to Insight’s previously owned minority stake. The acquisition heralds continued growth in the threat intelligence and risk operations market.
As the world’s largest, privately-held threat intelligence software company, Recorded Future is now at a valuation of more than $780 million following this all-cash transaction. The company plans to use the funding to meet its global growth and expansion goals. And Insight Onsite, Insight Partners' internal consulting arm, is set to bolster Recorded Future’s technical and product capabilities.
Christopher Ahlberg, co-founder and CEO of Recorded Future, said in a statement that Insight's team has already helped him for a number of years, and "This transaction is the logical next step for Recorded Future given the opportunities in front of us, as we fully realize the potential and vision of our strategy."
"This evolution of our relationship will allow Recorded Future to better serve its current and future clients as we tap into the full potential of our technical roadmap and position our software to truly answer some of the most difficult and unique intelligence challenges faced by our community."
"This evolution of our relationship will allow Recorded Future to better serve its current and future clients as we tap into the full potential of our technical roadmap and position our software to truly answer some of the most difficult and unique intelligence challenges faced by our community," Ahlberg also said.
Mike Triplett, managing director at Insight, added that he is "thrilled" to be working with Recorded Future. "Insight's renewed investment is a testament to the vision and direction laid out by Recorded Future's leadership team he said in a statement. "They envision a world where everyone applies intelligence at speed and scale to reduce risk, remaining hyper-focused on providing clients with the threat intelligence necessary to understand their environments, manage risk, and combat malicious actors through contemporary awareness gained from the implementation of a threat intelligence-led security strategy."
