Risk I/O, a Chicago, IL-based developer of a vulnerability intelligence platform, has raised $5.25m in Series A funding.
The round was led by U.S. Venture Partners, with participation from Tugboat Ventures and Greg Sands’ Costanoa Venture Capital.
In conjunction with the funding, USVP partner Jacques Benkoski has joined the company’s board.
The company intends to use the capital to accelerate product innovation as well as expand sales and marketing efforts.
Led by Ed Bellis, Cofounder & CEO, Risk I/O provides a vulnerability intelligence platform that aggregates and prioritizes vulnerability data collected from over 20 of the most widely-deployed security assessment tools — including Qualys, Rapid7, HP, IBM and others — in a single dashboard. It also enables companies to track vulnerabilities through their entire lifecycle and enable collaborative remediation between engineers and security teams using its workflow or integrating into existing bug tracking and trouble ticketing systems. In addition, Risk I/O combines predictive, big data analytics technologies to compare a company’s own vulnerability data against that of thousands of others.
To date, the company’s SaaS platform has been used by over 400 businesses.
FinSMEs
13/11/2012