“Website Asset Inventory and Portfolio Management”
Bit Discovery develops and operates a platform for website asset inventory and portfolio management. Their product automates the continuous scanning of Internet-connected assets, flagging security issues and alerting security teams in real-time whenever a portfolio changes.
Mighty Capital first met Jeremiah Grossman via an introduction by Aligned Partners. Jeremiah Grossman invited Mighty Capital to invest in an oversubscribed round because Jeremy knew he could scale faster by leveraging our network of >300,000 product managers. Since our investment, Mighty Capital offered an opportunity for Jeremiah to speak on the Products That Count podcast (Webby Award Honoree Winner with 1.2M listeners) which increased Bit Discovery’s brand. Soon after, Bit Discovery won an award at The 2022 Product Awards, an annual celebration of the best products for product managers that generates over 2M impressions.
Bit Discovery announced it will be acquired by Tenable for $44.5M on April ‘22, just 13 months after Mighty Capital co-led their Series B. Tenable’s CPO, Nico Popp, is also recognized by Products that Count as a Top 20 CPO, so the match is not surprising. Mighty Capital is thankful for its’ partnership with Bit Discovery and is excited to watch Tenable accelerate & expand their product offering as it integrates this talented team and their best–in-class solutions. We will miss them, and are proud of their success.