Risk I/O, a Chicago, IL-based vulnerability threat management platform, raised an additional $4m as part of its Series A financing round.
The round was led by existing investor Costanoa Venture Capital, with participation from current investors U.S. Venture Partners (USVP), Tugboat Ventures and Hyde Park Angels. In conjunction with the funding, Neill Occhiogrosso, Partner at Costanoa Venture Capital, will join Risk I/O’s board of directors.
The company, which has raised $10.5m in total, will use the financing to expand sales and marketing efforts.
Led by CEO Karim Toubba, Risk I/O provides a SaaS-based vulnerability threat management platform that matches vulnerability scan data with Internet breach traffic from threat intelligence feeds from Dell, Verisign, AlienVault, 6Scan and others, to monitor, measure and prioritize vulnerability remediation across an organization’s IT environment. The company, which processes over 2.5 billion security vulnerabilities each day, has expanded its offering with the introduction of two new features, Threat Trends and Risk Meter. Threat Trends delivers visualization and analysis of the volume of cyber attacks happening in real-time, while Risk Meter provides real-time view of the vulnerability and exploit risk a group of assets poses to an organization.