ReliaQuest

Last updated
ReliaQuest
Industry Cybersecurity
Founded2007 [1]
FoundersBrian Murphy [1]
Headquarters Tampa, Florida, USA
Number of employees
800+ [1]
Website www.reliaquest.com

ReliaQuest is an American cybersecurity technology company headquartered in Tampa, Florida, with offices in Salt Lake City, Las Vegas, London, Dublin and Pune, India. The company provides threat detection, investigation and response through its GreyMatter security platform, which employs artificial intelligence to automate many of those cybersecurity tasks. [2]

Contents

As of 2022, they are the title sponsor of the ReliaQuest Bowl in the National Collegiate Athletic Association.

History

ReliaQuest was founded in 2007 by CEO Brian Murphy [1] in Tampa, Florida. [3] He began his career as an auditor before transitioning into technology consulting, programming and IT services. ReliaQuest was established shortly before the onset of the 2008 financial crisis, which impacted early operations. Murphy continued to invest in the company, reportedly taking out a second mortgage, suspending his own salary, and bootstrapping the company for its first nine years. [4] [5]

In June 2016, the company received its first outside capital investment of $30 million from FTV Capital. [6] In 2020, ReliaQuest raised $300 million in funding, [7] and in 2021 ReliaQuest's valuation grew to more than $1 billion. [3] In 2022, ReliaQuest acquired Digital Shadows for $160 million [1] and EclecticIQ in 2023 for an undisclosed amount. [8]

The company implemented a mental performance program for its employees, including hiring sports psychologists. In March 2023, the Washington Post reported that ReliaQuest maintained a retention rate of 85 percent or higher and saw improvements in employee engagement due to the program. [9]

As of April 2025, the company’s annual recurring revenue totaled more than $300 million, according to company sources, and employed 1,200 employees. [10] [11] That month, the company was valued at $3.4 billion following a fundraising round reported to have raised $500 million. The round was led by EQT, KKR, FTV Capital, with participation from investors such as Ten Eleven Ventures and Finback Investment Partners. The company planned to use the fundraising to support international expansion and agentic AI-powered cybersecurity automation. [12] [13] [14]

As of July 2025, it remains headquartered in Tampa [15] and has offices in Salt Lake City, Las Vegas, London, Dublin and Pune. [16] [17]

Technology

The company created the technology-agnostic cyber security platform GreyMatter, [18] which was built on an open XDR architecture and which uses agentic AI for threat detection, containment, investigation and response. [15] The company holds 52 patents for technology, including one for a universal translator that provides "comprehensive threat detection" response across security technologies. [3] GreyMatter integrates with cybersecurity and enterprise tools. [2]

Partnerships & sponsorships

The company is the title sponsor of the ReliaQuest Bowl in the NCAA. [19]

ReliaQuest also sponsors cybersecurity awareness programs at the elementary school and university levels in the Florida education system; [20] which included coding boot camps focused on cybersecurity training. [21] [22]

The company is the official cybersecurity partner of the Tampa Bay Lightning, the Tampa Bay Buccaneers, and the Boston Celtics. [23] [24] As of July 2025, ReliaQuest is an official cybersecurity sponsor of the PGA Tour and PGA Tour Champions. [25]

References

  1. 1 2 3 4 5 Rundle, James (June 1, 2022). "ReliaQuest to Buy Digital Shadows for $160 Million". Wall Street Journal– via www.wsj.com.
  2. 1 2 Loten, Angus (2025-03-31). "Exclusive | AI-Powered Cybersecurity Firm ReliaQuest Raises More Than $500 Million". Wall Street Journal. ISSN   0099-9660 . Retrieved 2025-06-27.
  3. 1 2 3 "ReliaQuest, maker of open XDR platform, reaches $1B valuation with new funding". December 1, 2021.
  4. ↑ Fore, Preston (2025-06-01). "This CEO went from bagging groceries at Publix to founding a $3.4 billion cyber company—after skipping the Ivy League and teaching himself to code". Fortune. Retrieved 2025-07-09.
  5. ↑ Elder, Jeff (2020-08-25). "Tampa cybersecurity startup ReliaQuest raises $300 million by simplifying cybersecurity, even as the CEO says that it doesn't believe in the idea of 'company culture'". Business Insider. Retrieved 2025-07-09.
  6. ↑ Cooper, Laura (2016-06-07). "FTV Capital Commits $30 Million to ReliaQuest". Wall Street Journal. ISSN   0099-9660 . Retrieved 2025-07-09.
  7. ↑ "Tampa cybersecurity company ReliaQuest hits $1 billion 'unicorn' status". Tampa Bay Times.
  8. ↑ Singh, Vishal (19 May 2023). "Amsterdam's EclecticIQ sells its agent software and engineering assets to US-based ReliaQuest". Silicon Canals. Retrieved 15 January 2024.
  9. ↑ Telford, Taylor (2023-03-11). "One answer to productivity woes? Mental performance coaches". The Washington Post. ISSN   0190-8286 . Retrieved 2025-07-09.
  10. ↑ "ReliaQuest raises more than $500 million in funding at a valuation of $3.4 billion". SDX Central. 2025-04-04. Retrieved 2025-07-09.
  11. ↑ Brezina, Veronica (2023-06-13). "Inside ReliaQuest's new HQ in Water Street". St Pete Catalyst. Retrieved 2025-07-09.
  12. ↑ Loten, Angus (2025-03-31). "AI-Powered Cybersecurity Firm ReliaQuest Raises More Than $500 Million". Wall Street Journal. ISSN   0099-9660 . Retrieved 2025-07-09.
  13. ↑ Lyon, Laura (2025-04-01). "Tampa cybersecurity firm reaches $3.4B valuation milestone". Business Observer FL. Retrieved 2025-07-09.
  14. ↑ "AI-powered cybersecurity firm ReliaQuest valued at $3.4 billion in latest funding round". Reuters. 2025-03-31. Retrieved 2025-07-09.
  15. 1 2 "Water Street Tampa expands ReliaQuest HQ, adds Sparkman Wharf tenants". Tampa Bay Times.
  16. ↑ T. Grandon Gill. Cybersecurity Discussion Cases. Informing Science. p. 180. ISBN   9781681100371.
  17. ↑ "ReliaQuest moving nearly 600 jobs — up to 200 of them new — to new Water Street corporate HQ". Business Observer. August 24, 2021.
  18. ↑ Fechter, Michael (2023-09-22). "A Tampa cybersecurity startup surged to become a global company". Tampa Bay Times. Retrieved 2025-06-27.
  19. ↑ "ReliaQuest 'very happy' with Tampa bowl sponsorship's marketing impact". Tampa Bay Times.
  20. ↑ Coffey, Lauren (25 October 2021). "ReliaQuest completes its education puzzle with high school cybersecurity program". Tampa Bay Business Journal. bizjournals.com.
  21. ↑ Adib Farhadi, Anthony Masys, Ronald P. Sanders (15 September 2022). The Great Power Competition Volume 3 - Cyberspace: The Fifth Domain · Volume 3. Springer. p. 308. ISBN   9783031045868.{{cite book}}: CS1 maint: multiple names: authors list (link)
  22. ↑ Coffey, Lauren (2021-10-25). "ReliaQuest completes its education puzzle with high school cybersecurity program". Tampa Bay Business Journal. Retrieved 2025-07-13.
  23. ↑ "Bucs name ReliaQuest as cybersecurity partner". St Pete Catalyst. 2020-09-03. Retrieved 2025-07-09.
  24. ↑ "For highly driven cybersecurity CEO, mindset is everything". Business Observer. May 15, 2020.
  25. ↑ Glendinning, Matthew (2025-03-19). "ReliaQuest signs non-exclusive PGA Tour deal". Sport Business. Retrieved 2025-07-09.
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