Bitsight Technologies, Inc. Due Diligence

Run due diligence on Bitsight Technologies, Inc.: check compliance and get alerts when suppliers change.

United States · www.bitsight.com · 31 vendors

BitSight Technologies, Inc. is a global leader in cyber risk intelligence, leveraging advanced AI to provide organizations with precise insights from an extensive external cybersecurity dataset. The company empowers businesses, insurers, investors, and governments to understand, communicate, and manage cyber risk by detecting, prioritizing, and mitigating threats across their attack surface and third-party ecosystems.

Resilience scores

Technology vendors

Services catalogue

2 services in catalogue across 2 categories; runs on 31 sub-vendors.

Insights

Last updated 2026-07-22 · revision 2

31 direct vendors, 241 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

CSA STAR — Evidence found

Evidence: https://www.bitsight.com/security, https://cloudsecurityalliance.org/star/registry/bitsight-technologies

UK Modern Slavery Act 2015 — Evidence found

Evidence: https://www.bitsight.com/sites/default/files/2025-09/BitSight%20Technologies%20Inc%20UK%20Modern%20Slavery%20Act%20Statement.pdf, https://www.bitsight.com/about/trust-center

APEC CBPR — Evidence found

Evidence: https://www.bitsight.com/security, https://www.bitsight.com/about/trust-center, http://cbprs.org/

Financials

Three-year financials

Financial Resilience Score: 7/10

Bitsight demonstrates solid financial resilience characteristics typical of a mature, category-leading private cybersecurity SaaS company. Its recurring subscription revenue model with 3,500+ enterprise customers (including many Fortune 500/Global 2000 names such as BNP Paribas, Schneider Electric, Snowflake, and Splunk) provides high revenue visibility and low customer concentration. The company has grown ARR from approximately $100M in 2020 to over $200M by 2024, implying a compound growth rate of 20-25%+ over four years. It is well-capitalized with strong strategic sponsors: Moody's Corporation (which took a ~$250M minority stake in 2021 at a ~$2.4B valuation) and Insight Partners (which led a majority recapitalization in October 2024 at a ~$2.5B valuation). However, the assessment is constrained by significant opacity, as Bitsight is not an SEC-registered reporting company and has never filed a 10-K. Audited financials for revenue, EBIT, and equity are not publicly available. Like most fast-growing cybersecurity SaaS peers, Bitsight is generally understood to prioritize growth over GAAP profitability, and net losses were indicated in the 2019 withdrawn S-1 era. The 2024 Insight Partners-led recap may have added meaningful debt to the balance sheet, though terms are not disclosed. Category leadership recognitions (Forrester Wave Leader 2026, Gartner MQ Visionary 2026) and product expansion support pricing power and diversification, but competitive intensity and a recent CEO transition introduce execution risk.

Key strengths: Recurring SaaS revenue model with 3,500+ enterprise customers, Category leader recognition (Forrester Wave 2026, Gartner MQ 2026), Well-capitalized sponsor base (Insight Partners majority, Moody's minority), Product breadth expansion into CTI, EASM, exposure management, 50% growth in APAC and 30% H1 growth in cyber-insurance data business, 40% growth in vendor network, Implied ~$2.5B valuation at 2024 recapitalization

Risk factors: Opacity of financials - no audited public statements, Likely historically unprofitable (growth-over-profitability posture), Competitive intensity from SecurityScorecard, UpGuard, CrowdStrike, Recorded Future, etc., CEO transition risk (Stephen Harvey to John Clancy), Potential leverage from 2024 PE-led recapitalization, Customer/geographic concentration in North America and financial services vertical

Revenue by geography

Revenue by product/service

Workforce by country

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