ThreatStream, a Redwood City, Calif.-based provider of a SaaS-based cyber security threat intelligence platform, raised $22m in Series B funding.
The round was led by General Catalyst Partners, with participation from new investors Institutional Venture Partners and existing investors Google Ventures and Paladin Capital Group. In conjunction with the investment, Steve Herrod, managing director at General Catalyst Partners, will join ThreatStream’s Board of Directors.
The company intends to use the funds to expand adoption of its solution and further accelerate growth.
Founded in February 2013 and led by Hugh Njemanze, ThreatStream provides ThreatStream OPTIC™, a community-vetted threat-sharing platform which analyzes threat intelligence feeds from hundreds of sources, digitally integrating that intelligence into the operations of customer organizations existing security devices. Since founding, more than 1,100 registered users from Fortune 1000 and government organizations have deployed the platform.