SpyCloud, an Austin, TX-based company which specializes in operationalizing identity analytics to automate the protection of digital identities, raised $110M in Growth funding.
The round, which followed a $30M Series C funding round in 2020, was led by Riverwood Capital.
The company intends to use the funds to:
- Accelerate innovations across Enterprise Protection, Consumer Risk Protection, and Investigations use cases
- Release authentication bypass prevention solutions that protect businesses and consumers from compromised passkeys
- Grow its database of recaptured malware assets, delivering new insights to help customers and partners stay ahead of the most advanced cyber threats
- Evolve analytic capabilities that link exposures of personal and corporate identity and authentication data to promote an identity-centric view of security that goes beyond the device-centric limits of most corporate security teams
- Bolster its list of integrations, which already includes Active Directory, Okta, and Tines, among others – partnering with identity, incident response, orchestration, and directory services tools
- Expand its go-to-market teams globally
Led by CEO Ted Ross, SpyCloud provides a platform that recaptures darknet data to protect businesses from identity-based cyberattacks. Its products deliver actionable insights that allow enterprises to proactively prevent ransomware and account takeover, protect their business from consumer fraud losses, and investigate cybercrime incidents. Its data from breaches, malware-infected devices, and other underground sources also powers many popular dark web monitoring and identity theft protection offerings. SpyCloud customers include enterprises, mid-size companies, and government agencies, and its solutions protect over four billion accounts globally. It emplys nearly 200 cybersecurity experts.
FinSMEs
23/08/2023