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ReliaQuest has announced the successful completion of a funding round that has secured over $500 million, valuing the company at $3.4 billion post-investment. This round was co-led by esteemed investors EQT, KKR, and FTV Capital. The influx of capital will be dedicated to accelerating the evolution of GreyMatter, an autonomous security platform powered by AI, and fueling its global expansion efforts. Leveraging an open XDR architecture, GreyMatter seamlessly integrates over 200 security tools, thereby markedly enhancing the efficiency and precision in handling security incidents. Additionally, ReliaQuest aims to deepen its market penetration in Europe and the Asia-Pacific region, reinforcing its position as a frontrunner in the realm of automated security operations.
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