bostonbased nightdragon francisco partnersbrienventurebeat has announced the close of its latest fund, a $1.5 billion vehicle that will be used to invest in technology companies. The firm, which has been operational for more than a decade, is targeting early and growth stage investments in the enterprise software, cloud computing, artificial intelligence (AI), and cybersecurity sectors. NightDragon Francisco Partners is also known for its expertise in working with founder-led businesses. “We’re really excited about this new fund,” said Brien VentrureBeat. “The team at NightDragon is firing on all cylinders and we expect to continue our record of success by investing in some of the world’s most innovative technology companies.”
bostonbased nightdragon francisco partnersbrienventurebeat is a boston based venture capital firm that invests in companies in the boston area. the firm was founded in 2013 by brien brien, a partner at b Venture Partners. brien has over 20 years of experience in the venture capital industry and has been a venture partner at bvp since its inception. nightdragon has invested in companies such as cashstar, which was acquired by blackhawk network for $170 million. nd also has an investment in draftkings, which is valued at over $1 billion. nd’s other investments include wayfair, cimpress, and ubiquitous energy. bvp has also invested in companies such as Gilt Groupe, Living Social, and Tumblr.
bostonbased nightdragon francisco partnersbrienventurebeat Market value
Francisco Partners, a global technology-focused private equity firm, announced today that it has agreed to acquire NightDragon Security, a Boston-based provider of Managed Detection and Response (MDR) services. Terms of the transaction were not disclosed.
Founded in 2016 by CEO Dave Maloney and a team of veteran cybersecurity executives, NightDragon Security delivers 24x7x365 MDR services to organizations of all sizes. The company’s platform combines advanced threat detection, incident response, and managed security services to help customers quickly identify, contain, and remediate threats. NightDragon Security was recently named one of the “20 Hot Cybersecurity Startups to Watch in 2020” by CRN, a brand of The Channel Company.
“We are excited to partner with Francisco Partners as we continue to invest in our people, technology, and go-to-market capabilities,” said Dave Maloney, CEO of NightDragon Security. “This investment will enable us to accelerate our growth and extend our leadership position in the MDR market.”
NIGHTDRAGON SECURITY ACQUIRED BY FRANCISCO PARTNERS
* Boston-based cybersecurity startup NightDragon Security has been acquired by Francisco Partners, a global technology-
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