The San Diego, Calif-based cybersecurity startup, AttackIQ was founded in 2013 to provide a platform that automatically validates and detects the run scenarios for any gap in defense of the company’s security. It also enables the organization to test and calculate the potency of its security posture so as to receive the technique to fix the broken thing.
The AttackIQ platform helps the security team of an organization in anticipating, preparing, and hunting for threats that may crash their business, before the arrival of any hacking or breaching threat.
Rajesh Sharma and Stephan Chenette founded the company that supports the MITRE ATT&CK Matrix, which is a base and model of curated knowledge for the cyber advisory behavior used for verifying security defenses work and also for planning improvements for security.
Series C Round Details
The breach and attack stimulation solution-giving startup, AttackIQ has raised $44 million in a Series C round of funding and this makes the total raised by the company around $79 million.
Atlantic Bridge led the round along with the support of some existing and some new investors. New investors are SMEV- Saudi Aramco Energy Ventures and Gaingels. Existing investors include Index Ventures, Salesforce Ventures, Khosla Ventures, and Telstra Ventures.
The Managing Partner of Atlantic Bridge, Kevin Dillon also joined the board of Directors of AttackIQ.
According to the company, the arrival of this new funding happens at a dynamic time for the company as it has recently accelerated its international broadening attempt all over the EMEA, which means Europe, the Middle East, and Africa and also in the regions of Asia Pacific and Japan.
This strategic expansion includes the partnership with Westcon, which is a leading distributor of business technology, all over the world. It gives access to a boundless network of reseller partners.
The CEO of AttackIQ, Brett Galloway said that this round will help in maintaining the strength of AttackIQ as the company is highly committed to serving the global cybersecurity community.
The AttackIQ Academy provides free entry-level training as well as advanced training in cybersecurity. In 76 countries, there are more than 17,300 registered students in the AttackIQ Academy.
Purpose of this Fundraising
AttackIQ’s CEO said that the new capital will enable the organizations to evaluate the validity of their security defenses. and help in expansion.
He also added that the partnership with Atlantic Bridge will help AttackIQ in fueling its continued international proliferation in large public as well as private organizations.
Kevin Dillon said that AttackIQ has settled itself as the leader with its formidable enterprise customer base.
He added that they deeply believe in the vision of the company and also in its potential that will lead it to be the next billion-dollar company of cybersecurity software.
The CEO at Saudi Aramco Ventures said that after Covid-19, the pressure on the security of large organizations has increased dramatically and this makes cybersecurity a strategic discipline for them. This needs an ability to foresightedly pick out and resolve the gaps using attack and breach simulations, which was also recently featured in the list of Gartner’s top 2021’s risk management and security trends.
He lastly added that they are highly delighted to partner with AttackIQ to escalate these solutions in the market.
Conclusion
The cybersecurity platform, AttackIQ has raised $44 million in a Series C round of funding and this makes the total raised by the company around $79 million. Atlantic Bridge led the round along with the support of some new investors which are SMEV- Saudi Aramco Energy Ventures and Gaingels and existing investors include Index Ventures, Salesforce Ventures, Khosla Ventures, and Telstra Ventures. The company aims to expand its breach and attack stimulation solution-giving startup to new horizons.
FAQs:
Ans. Rajesh Sharma and Stephan Chenette founded this company.
Ans. Atlantic Bridge.
Ans. $44 million in capital has been raised.
Ans. It is headquartered in San Diego, California.
Ans. It was founded in 2013.
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