Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has closed a minority investment from Long Ridge Equity Partners.
Drawbridge will use the funds to accelerate product innovation, expand sales and marketing activities across North America and EMEA, and continue investing in its people, platform, and client services. The investment follows a period of dramatic growth for Drawbridge. Over 300 funds in the alternative investment industry – including hedge funds and private equity funds – with more than USD800 billion in Assets Under Management work with Drawbridge to build and maintain their cybersecurity programs.
Founded in 2018, Drawbridge’s solution helps alternative investment managers and portfolio companies address their growing cyber security needs by centralising the management of a comprehensive cybersecurity program. The company’s proprietary technology platform helps firms navigate the evolving regulatory and threat landscape, manage governance, risk and compliance (GRC) requirements, and combat sophisticated cyber threats. The Drawbridge platform facilitates the creation of a resilient cybersecurity program for its clients in order to improve their risk postures, meet SEC requirements, and exceed compliance and operational due diligence requirements.
Drawbridge clients can easily aggregate cyber risk assessment data to drive analysis, determine program strength and create a roadmap and task list for remediation. Firms can easily assess third-party cybersecurity risks in the Drawbridge platform, which launches Due Diligence Questionnaires (DDQs) to third-party vendors, tracks responses and completion status, and stores all critical vendor information. Drawbridge clients can continuously monitor cybersecurity risks and conduct ongoing vulnerability scanning to protect against breaches. The platform also allows clients to generate policies for Cyber & Information Security, Incident Response, Business Continuity, and Data Privacy.
Read more/Source: Private Equity Wire
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