(Reuters) - BitSight Technologies, a firm that sells cyber security ratings on businesses to insurers, said on Thursday that it has closed $40 million in series C funding, in a round led by GGV Capital.
Previous investors that joined the round include Flybridge Capital Partners, Globespan Capital Partners, Menlo Ventures and Shaun McConnon.
The Cambridge, Massachusetts-based company said it will use the funds to expand into new geographical areas, make acquisitions and invest in product development.
BitSight has raised $95 million to date.
Reporting by Jim Finkle; Editing by Bill Rigby