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.

Threat Intelligence

4/7/2021
04:15 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

ThreatQuotient Closes $22.5 Million in New Financing

Reston, Va. - April 6, 2021 - ThreatQuotient™, a leading security operations platform innovator, today announced it has closed $22.5 million in new financing, including a combination of equity and debt financing. The investment syndicate includes New Enterprise Associates (NEA), Adams Street Partners, Escalate Capital, Blu Ventures, Cisco Investments and Gaingels, who took notice of the company’s significant momentum in 2020, specifically their record bookings and revenue growth. ThreatQuotient plans to leverage this financing to accelerate execution of new innovations currently in development.

“As a result of strong performance in 2020, we welcomed an opportunity to secure additional funding and add new investors to our syndicate. ThreatQuotient is meeting a critical need for security operations solutions, and we have significant expansion plans to continue this momentum,” said John Czupak, President and CEO, ThreatQuotient. “I am incredibly proud of our team’s efforts and record setting performance in a challenging 2020. I thank all of our investors for their interest and support, and I look forward to our continued momentum and success.”

Notable ThreatQuotient achievements in 2020:

●      Signed a record number of new customers, who are leveraging the ThreatQ platform for a variety of use cases as well as the ThreatQ Investigations cybersecurity situation room 

●      Closed multiple seven figure deals and achieved a record number of transactions

●      Launched a new Hosted Service of the ThreatQ platform to great reception, comprising over 10% of new bookings 

●      Became the first threat-centric security operations platform to be approved for a DoD-wide ATO

●      Doubled their global footprint in 2020 with customers in 12 new countries and became the first threat intelligence platform provider offering local support from Spain as a result of the company’s expansion into Iberia

●      Awarded U.S. Patent 10,902,114, “Automated Cybersecurity Threat Detection with Aggregation and Analysis” as the company’s first non-provisional patent 

ThreatQuotient has been recognized for product excellence and industry leadership by several award programs in 2021. The company won four 2021 Globee Cybersecurity Excellence Awards, including: Gold for Security Investigation, Silver for both Threat Intelligence Technology and Hot Security Company of the Year, and Bronze for Threat Hunting, Detection, Intelligence and Response. ThreatQuotient also won three 2021 Cybersecurity Excellence Awards: Gold for Security Investigation, and Silver for both Threat Detection, Intelligence and Response and Best Cybersecurity Company. Additionally, ThreatQuotient was recognized as McAfee Partner of the Year for the second consecutive year and the company was listed in the 2021 CRN Partner Program Guide. 

Investor Testimonials

“ThreatQuotient gives SOC analysts, incident responders and threat analysts unmatched flexibility, visibility and control over their company’s alerts and unique threats that they can’t get from other security operations solutions. NEA is confident that ThreatQuotient’s continued momentum will lead to further market capture.” - Peter Barris, Managing General Partner, NEA

“Since we first invested in ThreatQuotient in 2017, their team has continued to prove to the market that there is a critical need for cybersecurity solutions aimed at security operations. Their attention to detail for customer needs and innovative approach to solving challenges are just a few reasons we are pleased to expand our investment in ThreatQuotient.” - Fred Wang, Partner, Adams Street Partners

“Escalate has been impressed with ThreatQuotient’s approach to solving major challenges within the cybersecurity industry, as well as the company’s growth to date. We are pleased to join this investment syndicate as an investor in ThreatQuotient, and look forward to their continued innovation which will support security operations teams in prioritizing, improving detection and accelerating response.” - Chris Julich, Managing Director, Escalate Capital Partners

“As the largest investor network focused on supporting and investing in the best venture-backed companies that embrace and value diverse leadership, including LGBTQ+, Gaingels is proud to participate in this financing. We are resolved on helping ThreatQuotient grow and scale while strengthening its prospects of success by building a culture that reflects the diversity of its executive teams, staff and customers.” - Lorenzo Thione, Managing Director, Gaingels

Leading global companies use ThreatQuotient’s solutions as the cornerstone of their security operations, including Fortune 100/500, major retail and hospitality, healthcare, technology, finance, and defense customers globally. To learn more about ThreatQuotient’s award-winning solutions and market leading capabilities, please visit www.threatquotient.com.

About ThreatQuotient

ThreatQuotient’s mission is to improve the efficiency and effectiveness of security operations with a platform that accelerates and simplifies investigations and collaboration within and across teams and tools. Integrating an organization’s existing processes and technologies into a unified workspace, ThreatQuotient’s solutions reduce noise, highlight top priority threats and automate processes to provide greater focus and decision support while maximizing limited resources. ThreatQuotient’s threat-centric approach supports multiple use cases including incident response, threat hunting, spear phishing, alert triage and vulnerability management, and also serves as a threat intelligence platform. ThreatQuotient is headquartered in Northern Virginia with international operations based out of Europe and APAC. For more information, visit www.threatquotient.com.

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
News
US Formally Attributes SolarWinds Attack to Russian Intelligence Agency
Jai Vijayan, Contributing Writer,  4/15/2021
News
Dependency Problems Increase for Open Source Components
Robert Lemos, Contributing Writer,  4/14/2021
News
FBI Operation Remotely Removes Web Shells From Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/14/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
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
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-31607
PUBLISHED: 2021-04-23
In SaltStack Salt 2016.9 through 3002.6, a command injection vulnerability exists in the snapper module that allows for local privilege escalation on a minion. The attack requires that a file is created with a pathname that is backed up by snapper, and that the master calls the snapper.diff function...
CVE-2021-31597
PUBLISHED: 2021-04-23
The xmlhttprequest-ssl package before 1.6.1 for Node.js disables SSL certificate validation by default, because rejectUnauthorized (when the property exists but is undefined) is considered to be false within the https.request function of Node.js. In other words, no certificate is ever rejected.
CVE-2021-2296
PUBLISHED: 2021-04-22
Vulnerability in the Oracle VM VirtualBox product of Oracle Virtualization (component: Core). The supported version that is affected is Prior to 6.1.20. Difficult to exploit vulnerability allows high privileged attacker with logon to the infrastructure where Oracle VM VirtualBox executes to compromi...
CVE-2021-2297
PUBLISHED: 2021-04-22
Vulnerability in the Oracle VM VirtualBox product of Oracle Virtualization (component: Core). The supported version that is affected is Prior to 6.1.20. Difficult to exploit vulnerability allows high privileged attacker with logon to the infrastructure where Oracle VM VirtualBox executes to compromi...
CVE-2021-2298
PUBLISHED: 2021-04-22
Vulnerability in the MySQL Server product of Oracle MySQL (component: Server: Optimizer). Supported versions that are affected are 8.0.23 and prior. Easily exploitable vulnerability allows low privileged attacker with network access via multiple protocols to compromise MySQL Server. Successful attac...