[7] BitSight was founded in 2011 by Nagarjuna Venna and Stephen Boyer and currently has both United States-based and international employees.
[14] BitSight's Series D financing was led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital and Singtel Innov8.
[16] In 2021, BitSight acquired VisibleRisk, a cyber risk assessment startup company and received a $250 million investment from Moody's Corporation.
[20] Organizations purchase BitSight's services in order to understand "security risks associated with sharing sensitive data with business partners.
[24][16][25] BitSight assembles models that produce company ratings, which are based on a scale that enables insurers to rule on the ability of businesses to receive coverage.