Moody's Corp. has made a strategic, minority investment in SecurityScorecard, a New York-based cybersecurity ratings provider.

The investment was funded through cash and will not have a material impact on Moody's 2017 financial results.

SecurityScorecard recently completed a $27.5 million series C funding round, led by Nokia Growth Partners. AXA Strategic Ventures, Intel Capital and existing investors, including Sequoia, Google Ventures, Boldstart Ventures and Evolution Equity Partners also participated in the fundraising round.