Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Security Management

11/3/2017
08:05 AM
Simon Marshall
Simon Marshall
Simon Marshall
50%
50%

Recorded Future Takes $25M in Final Funding Round

Recorded Future finishes venture funding with money to build out a threat intelligence platform.

Investors in security firms are placing their bets in the face of the current threat onslaught. Technology developed within the last few years is maturing, leveraging machine learning to keep pace.

Recorded Future, a Boston, Mass., threat intelligence developer, just raised $25 million in what looks like a final venture round, led by Insight Venture Partners. That's five rounds of funding for Recorded Future, totaling approximately $58 million, and it's enough.

"We have no plans to raise more funding," Scott Todaro, VP of marketing, told Security Now. "We will be investing in our product to address a wider spectrum of threat intelligence needs for our customers," he said but didn't elaborate further.

Recorded Future claims it has the largest commercially available threat intelligence collection platform in the world, having spent eight years in development. Security teams at its customers play a big part in the scene, as the platform collects and organizes threat information –- even from the Dark Web –- for analysts to act on. Because it's SaaS-based, product updates are pushed out to enterprises automatically every couple of weeks.

The platform development process was a "combination of software development and data science to optimize our machine learning and natural language processing capabilities to provide relevancy and context," said Todaro.

Recorded Future is in the risk management business almost as it is security. The firm is on mature end of the spectrum of a relatively new crop of security firms using machine learning to automate and power technology. These include Darktrace, LightCyber (acquired by Palo Alto Networks in February) and FireEye.

But in an explosive market for the latest security technologies, some enterprises may be left behind.

In a 451 Research threat intelligence market report, Research Director Scott Crawford speculated about the cost of systems for enterprises in the market to come. "Only security's '1%' can afford the best, but there is clearly a need to serve the many that would benefit from threat insight that would help them make the most of limited security resources."

Logically, premium pricing coupled with functionality could cause a stratification where some enterprises might be putting their day-to-day security on the line if they lack the financial resources to keep up with numerous and very flexible adversaries.

Todaro sees the decline of traditional threat management technology and methodologies, where the sheer number of threats mean the organization cannot scale to meet the demands. Those demands are further multiplied by the free availability of hacker tools.

"Everything has its price on the Dark Web, and almost anything can be sold or bought openly. Although sometimes it seems that to succeed in cybercrime, a person must be a jack of all trades, in reality almost every criminal endeavor requires various tools and services provided by a network other of members," he said.

Related posts:

— Simon Marshall, Technology Journalist, special to Security Now

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Manchester United Suffers Cyberattack
Dark Reading Staff 11/23/2020
As 'Anywhere Work' Evolves, Security Will Be Key Challenge
Robert Lemos, Contributing Writer,  11/23/2020
Cloud Security Startup Lightspin Emerges From Stealth
Kelly Sheridan, Staff Editor, Dark Reading,  11/24/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-20934
PUBLISHED: 2020-11-28
An issue was discovered in the Linux kernel before 5.2.6. On NUMA systems, the Linux fair scheduler has a use-after-free in show_numa_stats() because NUMA fault statistics are inappropriately freed, aka CID-16d51a590a8c.
CVE-2020-29368
PUBLISHED: 2020-11-28
An issue was discovered in __split_huge_pmd in mm/huge_memory.c in the Linux kernel before 5.7.5. The copy-on-write implementation can grant unintended write access because of a race condition in a THP mapcount check, aka CID-c444eb564fb1.
CVE-2020-29369
PUBLISHED: 2020-11-28
An issue was discovered in mm/mmap.c in the Linux kernel before 5.7.11. There is a race condition between certain expand functions (expand_downwards and expand_upwards) and page-table free operations from an munmap call, aka CID-246c320a8cfe.
CVE-2020-29370
PUBLISHED: 2020-11-28
An issue was discovered in kmem_cache_alloc_bulk in mm/slub.c in the Linux kernel before 5.5.11. The slowpath lacks the required TID increment, aka CID-fd4d9c7d0c71.
CVE-2020-29371
PUBLISHED: 2020-11-28
An issue was discovered in romfs_dev_read in fs/romfs/storage.c in the Linux kernel before 5.8.4. Uninitialized memory leaks to userspace, aka CID-bcf85fcedfdd.