RESTON, VA, ThreatQuotient, a leading provider of enterprise-class threat intelligence platforms, today announced it has secured $12 million in Series B funding.
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Led by New Enterprise Associates (NEA), and joined by existing investors Blu Venture Investors and the Center for Innovative Technology (CIT), the funding will be used to bolster product development and to further accelerate global expansion in sales, channels and partnerships to scale ahead of increasing demand. As part of the funding, it was announced that NEA Managing General Partner, Peter Barris, has been appointed to the ThreatQuotient Board of Directors, joining current board member and NEA General Partner, Harry Weller. The company also disclosed it has secured a $3 million growth capital facility from Silicon Valley Bank.
ThreatQuotient believes that the foundation of intelligence-driven security is people and has built ThreatQ, an open and extensible threat intelligence platform (TIP) to enable analysts and defenders to be more effective and efficient. ThreatQ provides the context, customization and collaboration required to accelerate the transformation of threat data into actionable threat intelligence, while giving analysts control over the process. With ThreatQ, analysts leverage a threat library, an adaptive workbench and an open API exchange to provide threat intelligence that is more timely, accurate and relevant to their business.
'With a robust ecosystem of technology, channel and other go-to-market partners supporting our customers and a rapidly expanding pipeline, it is easy to see that ThreatQuotient has accomplished a lot in a short period of time,' said John Czupak, President and CEO of ThreatQuotient. 'This increased investment is a testament to that success, and will allow us to stay at the forefront of innovative threat intelligence solutions.'
'ThreatQuotient has established itself as a leader in threat intelligence platforms by winning the mindshare of premier customers and building a world-class organization to support them,' added Barris. 'The need for an intelligence-driven approach to cybersecurity is evident, and the success that ThreatQuotient has achieved makes it clear that our investment will further accelerate their growth.'
NEA is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With more than $17 billion in committed capital, the firm invests in information technology and healthcare companies at all stages in a company's lifecycle, from seed stage through IPO. NEA's long track record of successful investing includes more than 500 liquidity events. For additional information, visit: http://www.nea.com.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.
ThreatQuotient provides ThreatQ, the only threat intelligence platform that centrally manages and correlates unlimited external sources with all internal analytics solutions for contextual, operationalized intelligence in a single pane of glass. ThreatQ is also the first TIP to provide Indicator Nurturing, which goes beyond enrichment to help customers tailor indicators of compromise (IOCs) more specifically to their infrastructure. https://www.threatq.com.