Netcraft, a Bath, UK-based company which specializes in cybercrime detection, disruption, and takedowns, raised over $100M in its first funding.
Spectrum Equity made the investment.
The company intends to use the funds to accelerate its plans to drive growth and expand globally.
Founded by Mike Prettejohn and led by newly appointed CEO Ryan Woodley, Netcraft offers cybercrime detection and disruption services. With an advanced technology platform that enables the company to take down cybercrime online in an automated manner, Netcraft has become a provider of takedowns which are delivered as a subscription service to financial institutions, governments, and corporations globally. Its threat feeds, early fraud detection capabilities, and swift automated takedowns scale to perform takedowns for nearly one-third of the world’s phishing sites, blocking more than 170 million malicious sites.
Netcraft empowers its customers with advanced cyber defense solutions enabled by:
- Global threat intelligence: The data the company has gathered continuously over decades positions the company to power its threat detection and response platform. Its automated process enables real-time identification and validation of current threats to customers and the global community. Netcraft’s intelligence feeds are consumed by most major browsers and leading antivirus software vendors.
- Rapid & Effective Takedowns: Netcraft has cultivated a long-standing reputation with hosting companies, DNS providers, registrars, and ISPs. Leveraging these relationships along with sophisticated threat classification, internet infrastructure knowledge, and a history of past attacks, the system responds to threats and attacks with speed and effectively shuts down malicious activity.
- Continuous Innovation: Netcraft’s cybercrime detection and takedown platform combines data-driven automation with artificial and human intelligence to address and remove more than 100 attack types.
- Transparency & Visibility: the solution delivers detailed evidence for every validated attack and ensures customers are updated in real-time on the progress and status of all active takedowns. Customers can access reporting through its portal or APIs that integrate with internal systems.
Woodley has decades of experience leading growth-oriented technology companies and an established track record of success. He was previously CEO of Progressive Leasing (NYSE: PRG), a financial technology company, which grew from approximately $220M to $2.5 Billion in revenue and went public during his tenure. Woodley also served as COO and CFO at DigiCert, a large high assurance digital security certificate authority, which roughly tripled in size during his tenure and was sold to a private equity firm. Most recently, he has served on the boards of high growth technology companies, PDQ.com and Conservice.
FinSMEs
19/07/2023