INFRA
INFRA
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Cyberintelligence startup InfoArmor raises funding and appoints new CEO
Employee protection solutions and cyber intelligence startup InfoArmor Inc., has taken an undisclosed amount of new funding from Boston-based growth equity investment firm Summit Partners.
Along with the new funding, InfoArmor announced changes to its executive team. Current President and Chief Financial Officer John Schreiber will become chief executive officer, taking over from founder Drew Smith, who becomes executive chairman.
Founded in 2007, InfoArmor provides solutions for employee identity protection and advanced threat intelligence to help enterprises protect their most valuable assets. The company’s employee protection solutions are claimed to deliver low-cost proactive identity and credit monitoring as well as corporate security intelligence and training. Its PrivacyArmour solution is designed to defend employees, their families and companies from evolving cyberthreats that cause data breaches and financial losses.
InforArmor has a customer base of 600 businesses and government agencies, including 50 of the Fortune 500.
“InfoArmor offers a differentiated solution that helps organizations protect their employees in a constantly evolving and growing threat landscape,” Summit Partners Managing Director Andrew Collins added. “John brings tremendous experience as an operator and we are excited to have him at the helm.”
Surprisingly for a venture-backed security startup, there’s little on the public record as to how much InfoArmor has previously raised. But according to Securities and Exchange Commission filings, the company raised $590,000 in April 2009 and $1.755 million in more November 2010.
Image courtesy of InfoArmor via Twitter
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