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Threat intelligence startup ThreatQuotient raises $30M in new funding
Threat intelligence startup ThreatQuotient Inc. today said it has raised $30 in new funding in a late-stage round to expand operations across the board.
The Series C funding was led by Adam Street Partners that included Cisco Investments, NTT DOCOMO Ventures, New Enterprise Associates and Silicon Valley Bank. As part of the deal, Adam Street Partners’ Fred Wang will join the company board.
Founded in 2013, ThreatQuotient offers ThreatQ, a threat intelligence platform designed to centrally manage and correlate unlimited data from external sources with internal security and analytics solutions. Offering what is called “Indicator Nurturing,” the platform can tailor indicators of compromise specific to the infrastructure used by an enterprise customer, so the threats can be more easily identified, understood, prioritized and acted upon.
The company claims that ultimately its platform eliminates the need for dedicated security analysts to go through an entire pool of data to identify a threat. Instead it automates the entire process and suggests which types of data may present a risk to the enterprise user.
“As threats increase and data sets grow in volume and complexity, so too does the job of security operation center operators,” Rob Salvagno, vice president of Cisco Corporate Development, said in a statement. “Cisco believes that a threat intelligence platform is critical for making SOC operations and workflows more efficient, especially through deep integrations with other key components of the security ecosystem.”
Including the new funding, ThreatQuotent has raised $57 million to date. The company said that it would use the new funding to accelerate growth and customer acquisition, including through increased product development and sales and marketing expansion. It has about 65 employees today.
“The vision is to be the next great cybersecurity company,” Chief Executive Officer John Czupak told Technical.ly DC. “We’ve got an enormous opportunity in front of us. This part of the cyber market is emerging, but is moving very quickly.”
Image: ThreatQuotent
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