Qadium, a San Francisco, CA-based internet sensing company, closed a $20m Series A funding.
The round was led by Scott Sandell, technology investor and managing partner of New Enterprise Associates with participation from Peter Thiel (via Founders Fund) and other previous investors.
The company intends to use the funds to scale its core business, including improving its global sensing to continually increase the rate at which customers receive alerts to relevant changes.
Co-founded in 2012 by Tim Junio, CEO, and Matt Kraning, CTO, Qadium provides a platform for large and small organizations to index every device, both within their networks and across the entire internet, and to identify relationships between those devices at scale for corporate and government cybersecurity applications. Results are made available to customers in a software product called Expander with associated professional services.
Customers include Fortune 500 companies in financial services, insurance, healthcare, defense industry, auditing and consulting, and retail.