Bishop Fox Reaches $100 Million in Funding

Bishop Fox, an offensive security provider, has obtained $75 million in Series B funding from Carrick Capital Partner, a growth-oriented investment firm. The strategic second round brings total funding to $100 million for the 17-year-old cybersecurity firm.

The funding will be used to grow the company’s team of offensive security experts and fuel expansion of its Cosmos platform. Increasing demand for the platform resulted in tripled annual recurring revenue (ARR) in 2021.

Bishop Fox delivers educational programs for offensive security training and advancement, and a mentoring program. Additionally, Bishop Fox’s offensive security solutions and attack surface management technology help organizations proactively improve their security posture.

Bill Carroll is Bishop Fox‘s chief operating officer.

“Part of the capital will be used to further expand Bishop Fox’s partner program and roll out new elements for channel partners, including programmatic components and internal resources to support channel partners,” he said. “We see partners as a critical component of our growth strategy, both in North America and abroad as we enter new markets.”

The capital will be used to continue innovating the best technology and developing the best talent in the industry so that “we can better serve our customers and define the future of offensive security,” Carroll said.

“This will give both Bishop Fox and our partners a significant competitive advantage by continuing to deliver the pairing of industry-leading solutions and unmatched expertise to the market,” he said.