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EQT leads funding round exceeding USD 500 million in ReliaQuest, a leader in AI-powered security operations

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Growth round is led by EQT Growth and existing investors KKR and FTV CapitalThe round values US-based ReliaQuest at USD 3.4 billion

STOCKHOLM, March 31, 2025 /PRNewswire/ — EQT is pleased to announce that the EQT Growth fund (“EQT”), as well as existing investors KKR and FTV Capital, have led a growth funding round in ReliaQuest (the “Company”), a leader in AI-powered security operations. The round brings the Company’s valuation to USD 3.4 billion and is also joined by Ten Eleven Ventures and Finback Investment Partners. This new funding will support ReliaQuest’s continued growth, fueling further innovation in agentic AI-driven cybersecurity automation and supporting the Company’s ongoing international expansion.  

ReliaQuest has established itself as a global cybersecurity leader, delivering a differentiated, AI-driven approach to security operations for large enterprises. The company’s technology platform, GreyMatter, seamlessly integrates with over 200 different cybersecurity tools, allowing security teams to leverage their current or future technology stack to drive greater visibility and AI-driven automation. This enables security teams to detect, contain, investigate and respond to cyber threats across a variety of cyber solutions within minutes, all while eliminating the most mundane cybersecurity work and delivering more value from existing investments.

This latest round comes at a time of accelerating growth for ReliaQuest. Since the Company’s last funding round in 2020, it has grown Annual Recurring Revenue more than 4x – recently surpassing USD 300 million – and is currently growing more than 30 percent year-over-year while operating profitably. 

“Everything we have done at ReliaQuest has always been driven by the problem we solve for our customers. Enterprise security teams have more data in more places than ever before, and the speed of the threat is rapidly increasing. CISOs need a way to contain threats within minutes without added cost or technical overhead, leveraging the latest innovations in Agentic AI,” said Brian Murphy, ReliaQuest founder and CEO. “This new investment is a key step along our growth trajectory as a company, but most importantly it will allow us to deliver better security outcomes for even more CISOs around the world.” 

“Brian’s passion and dedication to building a world-class, mindset-driven organization is at the core of ReliaQuest’s success and sets a strong foundation upon which to build a category-defining cybersecurity company,” said Kirk Lepke, Partner in the EQT Growth advisory team. “By enriching GreyMatter with AI and automation capabilities, ReliaQuest has accelerated ahead of the pack, and now stands out as one of the only software vendors capable of managing security operations for the most complex enterprise environments. We are delighted to lead this funding round and look forward to supporting the company with our global platform as they continue to deliver solutions needed to push the industry forward.”

EQT Growth was advised by Piper Sandler and Freshfields US LLP.

Contact
EQT Press Office, press@eqtpartners.com 

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Oracle Health Customers Whose Data May Have Been Compromised

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April 4, 2025

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NEWTOWN, Pa., April 4, 2025 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations at Oracle Health (“Oracle”). Oracle learned of the breach on or about February 20, 2025. To join this case, go HERE.

About Oracle Health

Oracle Corporation is a multinational computer technology company based in the United States. Oracle Health, a subsidiary of Oracle, specializes in healthcare software, with a focus on Electronic Health Records and hospital management solutions.

What happened?

Oracle recently experienced two separate data breach incidents. The first occurred around February 20, 2025, when Oracle Health discovered a security breach within its network. They initiated an investigation and found that on or after January 22, 2025, an unauthorized third party had accessed the company’s servers and copied patient data to an unknown external location.

The second incident involved Oracle Cloud servers. In this case, a hacker using the online alias rose87168 posted on a cybercrime forum, offering the data of 6 million Oracle Cloud customers. Although Oracle has denied this data breach, evidence suggests otherwise.

What type of information was stolen?

The personal information in the compromised files may have included:

Patient Information From Electronic Health Records

How can I protect my personal data?

If you receive a data breach notification concerning Oracle, you should take precautions to protect against potential misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for any suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised as a result of the Oracle data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-oracle-health-customers-whose-data-may-have-been-compromised-302421202.html

SOURCE Edelson Lechtzin LLP

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of CDHA Management, LLC and Spark DSO, LLC d/b/a Chord Specialty Dental Partners Customers Whose Data May Have Been Compromised

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April 4, 2025

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NEWTOWN, Pa., April 4, 2025 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations at CDHA Management, LLC, and Spark DSO, LLC d/b/a Chord Specialty Dental Partners (collectively, “Chord”). Chord learned of suspicious activity on its network on or about September 11, 2024. To join this case, go HERE.

About CDHA Management, LLC and Spark DSO, LLC d/b/a Chord Specialty Dental Partners

Chord Specialty Dental Partners, based in Tennessee, is a network of dental practices with over 60 locations in six states. They focus on expanding access to dental services.

What happened?

On or around September 11, 2024, Chord was alerted to suspicious activity involving an employee’s email account on their network. They initiated an investigation and discovered that an unauthorized individual had accessed several accounts between August 19, 2024, and September 25, 2024. It is possible that certain personal information was obtained during this data breach.

What type of information was stolen?

The compromised files contained personal information, including:

NamesAddressesSocial Security NumbersDriver’s License NumbersBank Account InformationPayment Card InformationDates of BirthMedical InformationHealth Insurance Information

How can I protect my personal data?

If you receive a data breach notification concerning Chord, you should take precautions to protect against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for any suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised by the Chord data breach.

For more information, please contact:
Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-cdha-management-llc-and-spark-dso-llc-dba-chord-specialty-dental-partners-customers-whose-data-may-have-been-compromised-302421205.html

SOURCE Edelson Lechtzin LLP

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RiskOpsAI™ Welcomes Chris Murray, Former PwC Partner, London to its Cyber Advisory Board

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April 4, 2025

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RiskOpsAI™ welcomes Chris Murray, Former PwC Partner, London to its Cyber Advisory Board to support its AI-Native Next Generation Risk Management.

SAN DIEGO, April 4, 2025 /PRNewswire-PRWeb/ — RiskOpsAI™, a pioneer in AI-Native Next Generation Risk Management, is pleased to welcome Chris Murray, Former PwC Partner to its Cyber Advisory Board.

“We are excited to announce the addition of Chris Murray to our expanding CXO advisory board, bringing valuable insights to revolutionize the GRC market with AI-native continuous GRC solutions. Chris will help us to expand our EU footprint. Welcome aboard, Chris!” said AJ Sarkar, CEO RiskOpsAI™.

Strategic Addition to Strengthen RiskOpsAI™ Growth and Innovation.

With a career spanning software development to Chief Technology Officer (CTO), Chris Murray brings deep expertise in AI, technology strategy and digital transformation. His experience includes:

Building SaaS businesses and leading enterprise software development.Driving AI, technology and alliance strategies across PwC’s global service lines.Scaling PwC’s technology alliances, including the first partner-led Workday implementation in EMEA.Leading AI adoption initiatives, including PwC’s #TrustInAI campaign.

His appointment strengthens RiskOpsAI™ commitment to AI-Native Risk Modeling and Decision Intelligence.

RiskOpsAI™: AI-Native Next Generation Risk Management.

RiskOpsAI™ pioneers AI-Native Continuous GRC, empowering Fortune 2000 enterprises to:

Identify, prioritize and remedy cyber risks – all in one platformMaintain governance, risk and compliance – all in one platform

“We are excited to announce the addition of Chris Murray to our expanding CXO advisory board, bringing valuable insights to revolutionize the GRC market with AI-native continuous GRC solutions. Chris will help us to expand our EU footprint. Welcome aboard, Chris!” said AJ Sarkar, CEO RiskOpsAI™.

With its integrated SaaS platform, RiskOpsAI™ delivers patented Cyber Risk Quantification and Continuous Threat Exposure Management (CTEM), providing actionable insights into the true impact of cyber risk on your business. Our solutions, including Continuous Compliance Automation and Thirdparty Threat Exposure Management™, ensure businesses stay secure, compliant and resilient.

For more information, visit https://optimeyes.ai.

RiskOpsAI™

Media Contact

Mainak Majumdar, RiskOpsAI, 1 (858) 585-3101, mainakm@optimeyes.ai, www.riskops.ai

Twitter, LinkedIn

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SOURCE RiskOpsAI

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