ThreatQuotient Announces $30M In New Financing
ThreatQuotient, a threat intelligence platform innovator, today announced it has completed a Series C round, securing $30 million in new financing led by Adams Street Partners. Strategic partners Cisco Investments and NTT DOCOMO Ventures, Inc. join existing investor New Enterprise Associates (NEA), and growth capital partner Silicon Valley Bank. Fred Wang, a partner of the Venture/Growth Team at Adams Street Partners, will join the company’s board of directors. Including this round, ThreatQuotient has secured a total of $54 million in financing to date.
This strategic funding and leadership addition will position ThreatQuotient to accelerate growth and customer acquisition. These funds will also increase product development acceleration and sales and marketing expansion in the US and internationally. ThreatQuotient continues to address the cybersecurity industry’s increasing demand for a threat intelligence platform focused on understanding and anticipating threats, strengthening defenses and accelerating security operations globally.
“Organizations today are working harder than ever to understand and prioritize threat intelligence. Most realize a platform is needed and ThreatQuotient is a market leader delivering the industry’s best solution,” said Wang. “Adams Street Partners is excited to partner with ThreatQuotient as they innovate on their unique approach to transforming security operations. I am especially excited to join their board of directors as they gain impressive market traction.”
Rob Salvagno, vice president of Cisco Corporate Development adds, “As threats increase and data sets grow in volume and complexity, so too does the job of SOC operators. Cisco believes that a threat intelligence platform is critical for making SOC operations and workflows more efficient, especially through deep integrations with other key components of the security ecosystem.”
When executives see the latest breach headlines, they want to know how their organization might be impacted, and what their security teams are doing about it. ThreatQuotient’s open and extensible threat intelligence platform, ThreatQ™, empowers organizations to identify, understand, prioritize and act on high-priority threats facing their organization, based on customer-defined parameters.
“Our industry is at a crossroads and organizations must shift beyond simple detection and response to a position of understanding and anticipating threats through intelligence-driven security,” said John Czupak, President and CEO of ThreatQuotient. “We are thrilled to have the support of our investors and strategic partners including Cisco and NTT Group, who are enabling us to continue bringing cutting-edge threat intelligence solutions to organizations around the globe, and accelerate our mission to never stop innovating.”