The round was led by Grotech Ventures and other strategic partners. In conjunction with the funding, Grotech Ventures’ General Partner Steve Fredrick will join ThreatConnect’s Board of Directors.
The company intends to use the funds to accelerate product development and expand sales and marketing globally.
Founded in 2011 by CEO Adam Vincent, the company has also rebranded as ThreatConnect while the Cyber Squared brand will still be used for the consulting services operations.
It provides advanced threat intelligence products and services including ThreatConnect, a cloud and on-premise platform which aggregates, analyzes, and acts to counter sophisticated cyber-attacks. It is currently used by over 550 global companies, including more than 40 of the Fortune 100.