Spec, a San Jose, CA-based cybersecurity firm specializing in advanced fraud detection and defense, closed a $15M Series A funding round.
The round was led by SignalFire, with participation from Legion Capital, and Rally Ventures.
The company intends to use the funds to:
- Advance the platform to deliver increased visibility and control over attack detection and exploit remediation
- Expand its threat labs, the R&D unit that deconstructs the tools and tactics used by modern attackers and develop countermeasures that neutralize their impact
- Co-develop specialized products with partners that resolve the fraud problems that customers cannot fix with single point solutions
Led by CEO Nate Kharrl, Spec provides a platform that invisibly protects enterprises processing billions in online transactions. Today, the platform scans the entire customer journey, allowing for the identification of all threats and attacks, and then deploys active countermeasures, especially against the AI-powered attack tools that threaten to disrupt online businesses.
FinSMEs
18/10/2023