Spyderbat, Inc., an Austin, Texas-based cybersecurity company, raised $4.2M in seed funding.
The round was led by LiveOak Venture Partners and Benhamou Global Ventures with participation from cybersecurity veteran John McHale. In conjunction with the funding, Venu Shamapant from LiveOak Venture Partners and Venkat Raghavan from Benhamou Global Ventures joined Spyderbat’s board of directors.
The company will use the capital to accelerate development of its product launch later this year.
Co-founded by cybersecurity pioneers Marc Willebeek-LeMair and Brian Smith, former founders and executives of Click Security and TippingPoint, Spyderbat develops innovative solutions for organizations to handle early threat discovery and investigation.