Whether organisations need fully managed detection and response (MDR), co-managed security operations, or an automated Open XDR platform, Reliaquest delivers the outcomes and board-ready reporting that organisations require to solve the most challenging aspects of cyber security while maturing their programmes over time. The Reliaquest Greymatter platform, backed by 24/7/365 security expertise, force multiplies security operations delivering unified detection and response with transparency and automation.

“Customers are gravitating to our Open XDR approach to deliver tailored security outcomes for their organisation and are embracing Reliaquest as a true force-multiplier for their security programme,” said Brian Murphy, CEO of Reliaquest. “This investment allows us to both increase our market presence and continue to innovate on our Greymatter cloud-native platform. KKR, Ten Eleven and FTV have been in lockstep with us as the momentum builds in the market and they continue to invest in our strategic partnership to accelerate growth as we expand across the world.”

This latest round of investment marks a momentous year for Reliaquest, in which annual recurring revenue surpassed $100 million and the company also more than doubled its customer base year-over-year.

“Over the past several years, we’ve seen Reliaquest evolve its solution into a leading platform that is highly capable of solving security challenges for organisations across industries and geographies,” said Stephen Shanley, Managing Director at KKR. “We’re excited about our strategic partnership with Reliaquest and its momentum since our initial investment. This additional funding will help make key enhancements to the Greymatter platform that will further solidify its leadership position in the market.”

KKR will be making the investment through its Next Generation Technology Growth Fund II, a fund dedicated to growth equity investment opportunities in the technology space.