Southeast Shoutouts | Techstars Atlanta will continue as a start-up community partnership
ReliaQuest, a Tampa-based cybersecurity company, raised another $500 million at a valuation of $3.4 billion.
From Atlanta, GA:
Tim Dorr recently wrote on LinkedIn that “It’s official: Techstars Atlanta is continuing!”
He wrote that “after months of hard work and help from Techstars, David Cohen, and Troy Henikoff, our accelerator program will continue as a start-up community partnership! We’re building on the program’s strong legacy, now driven by (and for!) the ATL start-up scene. Together, we’ll harness Atlanta’s incredible mentors, resources, and talent, amplified by Techstars’ global reach, to help make Atlanta a Top 5 Tech Hub. Let’s work together to give Atlanta’s best startups the unfair advantage they deserve!”
Dorr served for nearly three years as Managing Director of Techstars Atlanta before becoming Co-Chair of the group in January.
In an article in Atlanta-based Hypepotamus, he elaborated on how the program will operate. “While this new program will be driven locally, we’ll use Techstars’ massive global network and resources to give our founders incredible opportunities to grow and connect. This mix of local focus and global reach puts us in a great spot to find and support Atlanta’s next generation of game-changing start-ups.”
From Durham, NC:
After years as a standalone company, Tumult Labs announced that the Durham, NC-based company is “embarking on a new chapter in our journey: the team from Tumult Labs is joining LinkedIn.”
The start-up was founded in 2019 with a clear vision: “to empower organizations with cutting-edge differential privacy technologies that enable them to unlock the full potential of their data while preserving individual privacy.”
The three founders wrote on what else but a LinkedIn post that they were “taking a major step forward. As the future of work and decision-making is rapidly being disrupted by the rise of AI (artificial intelligence), and AI-enabled agents, the demand for safe, accurate, and responsibly curated data has never been greater. We are excited to bring our expertise to LinkedIn to accelerate the company’s AI vision, the value they deliver to their members and customers, and help create economic opportunity for every professional in the world. With this transition, over the next 90 days we will sunset Tumult Labs in its current form.”
From Chapel Hill, NC:
Launch Chapel Hill is joining forces with KPMG, a global leader in professional services, to unveil Launch Powered by KPMG, an AI-enabled, next-generation accelerator model open to all innovators, with or without an affiliation with the University of North Carolina.
It is a five-week accelerator that will integrate Launch Chapel Hill’s expertise and KPMG’s extensive capabilities to provide support to seven Innovation Frontiers to give companies unprecedented access to cutting-edge industry insights and enterprise connections. Those seven are:
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Quantum Computing;
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Semiconductors and Chips Innovation (Future of Computing);
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Artificial General Intelligence (AGI) and Advanced AI Applications;
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Crypto and Digital Assets;
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Industry 4.0 and Automated Manufacturing;
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Humanoid Robotics (AI and Robotics Convergence); and
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Biotech and Life Sciences.
From Tampa, FL:
ReliaQuest, a leader in AI-powered security operations, has announced a new funding round of more than $500 million led by EQT, KKR and FTV Capital, with participation from other existing investors Ten Eleven Ventures and Finback Investment Partners.
The funding round, which brings ReliaQuest’s valuation to $3.4 billion, 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 work out of cybersecurity and delivering more value from existing investments.
This latest round of funding comes at a time of accelerating growth for ReliaQuest. Since the company’s last funding round led by KKR in 2020, the company has grown Annual Recurring Revenue more than 4x – recently surpassing $300 million. ReliaQuest is currently growing at more than 30 percent year-over-year and operating profitably.
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