Diligence memo · auto-generated · as of July 2, 2026
Riot Security, Inc.
Riot Security, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Riot Security, Inc. operates in Cybersecurity, based in Newark.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Riot Security, Inc. has raised $37M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $28M on 2024-11-05.
Most recent recorded round closed around 2024-11-05.
Valuation (modeled)modeled
Provath models Riot Security, Inc. at approximately $192M (range $69M–$322M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.80× the median modeled value of Series B Cybersecurity companies in 2022–2024 (13 peers) — value vs value, same stage and era. Within the normal band (80% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 22 months.
Last raise 20 mo ago; this sector typically re-raises about every 15 months.
Slightly overdue versus sector cadence.
The last round stepped up 2.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 90% of Cybersecurity peers (270 compared).
Modeled value ranks above 83% of those peers.
Closest niche peers: CyberCube Analytics, Inc., Trinity Cyber, Inc., Nucleus Security, Inc., Stellar Cyber Inc., Permiso Security Inc..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.