RiskIQ, a San Francisco, CA-based platform that detects online threats to a brand’s customers, raised $25m in Series B round of financing.
The round was led by Battery Ventures with participation from existing investor Summit Partners. In conjunction with the funding, Michael Brown of Battery Ventures has joined its Board of Directors.
The company intends to use the funds to enhance research and development, expand outside the U.S. and invest in sales and marketing to grow market share in key sectors: insurance, ecommerce, media and consumer packaged goods.
Led by Elias Manousos, CEO, RiskIQ has developed a solution that allows companies to police their digital assets – web, mobile and advertising – against threats that can do harm to their customers, and ultimately their brands.
The service combines cloud based intelligence and analytics with a worldwide proxy network and software that emulates real users to expose malware on websites, in mobile apps and advertisements. Using RiskIQ, companies can detect and take down website resident malware, malvertisements and malicious and copycat mobile apps to protect customers from attack and fraud.
The company’s platform, which continuously monitor web and mobile assets for malware, malicious apps and brand infringements, is used by more than 100 companies, including the largest financial institutions in the U.S. and leading Internet companies.