Recorded Future was acquired by Insight Partners for $780M
Recorded Future, a Boston, USA and Gothenburg, Sweden-based threat intelligence company, announced that Insight Partners has agreed to acquire a controlling interest in the company, in addition to the minority stake in the company previously owned by Insight.
The all-cash transaction values Recorded Future at more than $780 million and will accelerate the next phase of the company's global growth and expansion.
Pursuant to the terms of this investment, Insight's Mike Triplett and Thomas Krane will join Recorded Future's board of directors.
Recorded Future will leverage Insight's deep experience and internal consulting arm, Insight Onsite, to further its technical and product vision through a range of growth-oriented activities.
Recorded Future, co-founded by CEO Christopher Ahlberg, is one of the largest threat intelligence software company in the world, with more than 400 clients across multiple geographies and sectors using its SaaS platform.
Prior to being acquired, Recorded Future raised almost $58 million, from investors including GV (Google’s venture arm), In-Q-Tel (the CIA’s venture arm), IA Ventures, Balderton Capital and Mass Mutual Ventures, all of them now exiting their equity position.