Bit9 (Bit9 + Carbon Black) is a Waltham, MA-based provider of a next-generation endpoint security platform led by Patrick Morley. The platform is designed to prevent, detect and respond to advanced threats that target users, servers and fixed-function devices. The company serves almost 2,000 customers worldwide. Bit9 closed a $54.5M Series F funding round in October 2015. The company intends to use the funds to accelerate growth, drive product innovation and support international expansion. The article describes participation from both existing and new investors in the round. Carbon Black develops endpoint-focused security software that it describes as a “surveillance camera” for computers, collecting and retaining telemetry for security and business intelligence. The company launched “Carbon Black 3.0,” a lightweight, scalable 9-in-1 solution that offers enterprise-wide visibility and historical traceability. The product is intended to speed breach investigation and incident response by providing answers in seconds, even for events that occurred months earlier. Carbon Black 3.0 bundles capabilities including malware detection, incident response, vulnerability assessment, patch management, file and registry integrity monitoring, policy enforcement, license management, and new-application notification. The platform is positioned to reduce incident response costs and inform overall technology‑health decisions for security and business teams. Carbon Black was established in 2011 as a subsidiary of Kyrus and is presented in the article from New York. Bit9 builds cybersecurity software that enforces a whitelist of trusted applications and sites rather than relying on blacklists of known threats. The company says it works with 30 of the Fortune 100 and about 700 organizations in total, and reports 100% annual business growth. CEO Patrick Morley highlights that Bit9’s approach stopped the Flame virus and halted the RSA breach. Bit9 plans to extend its whitelist coverage to more platforms, including mobile, bring‑your‑own‑device and cloud environments, with some developments expected in the next two quarters. Financially, the company recently closed a $34.5M Series D and has raised $72.8M to date. Bit9 positions its product to address rising organized cybercrime, nation‑state attacks and hacktivism that have pushed cybersecurity conversations to the board level. Bit9 provides advanced endpoint protection, using application whitelisting and the Bit9 Global Software Registry to identify and control software allowed to run on endpoints. Its solutions aim to eliminate risks from modern malware, targeted attacks and Advanced Persistent Threats by giving IT teams visibility and control over endpoint software. Bit9's customers span government, financial services, retail, healthcare, e-commerce and education, and the company reported triple-digit revenue growth in 2010, including 60% growth in new customer acquisition. The company also reported a doubling of revenue from the channel and that 30% of sales came from existing customers. Bit9 plans to use new funding to invest in product development, expand across Europe and ramp up sales and marketing. Privately held and based in Waltham, Massachusetts, Bit9 traces core research to a $2M NIST ATP grant awarded in 2003 that underpins its application whitelisting technology.

Total raised

$102M

Funding rounds

4

Latest round

Series F

Latest activity

Oct 2015