ThreatQuotient, a cyber intelligence platform that provides threat intelligence reporting and incident response services, has recently announced its Series B round of funding. The company has raised $13 million in this round, bringing its total funding to date to $20 million. This new capital injection comes from existing investors Insight Venture Partners and Battery Ventures as well as new investors including Fresco Capital, Crosslink Capital, Social+Capital Partnership, and other angel investors.
ThreatQuotient’s Background and Growth
ThreatQuotient was founded in 2018 by Chris Pogue, a former Google security engineer who has worked on projects such as the Anti-Phishing Toolkit and PhishTank. The company also has a team of cybersecurity professionals from Gartner, Microsoft, Cisco, and other large tech companies.
In 2018, ThreatQuotient raised $10 million in funding from several investors including Salesforce Ventures (Salesforce’s venture capital arm), Battery Ventures (a VC firm focused on cleantech), and Octopus Ventures (the venture capital arm of Cisco). Since then it has raised an additional $13 million-$60 million led by Salesforce Ventures again; they were joined by new investors including Meritech Capital Partners and Madrona Venture Group as well as existing backers including 500 Startups Early Stage Fund II; also joining was Cloudflare founder Matthew Prince: “I’ve been following [ThreatQuotient] for over two years because I believe strongly in its mission,” said Prince in an email sent out today announcing his investment alongside Salesforce CEO Mark Benioff & cofounder Jacqueline Resesko.”
The Significance of the Funding Rounds
ThreatQuotient is a startup that has been growing quickly. In Q4 2018 alone, it raised around $13M-$60M in funding rounds and is currently valued between $130-200M according to its S1 filing with the SEC.
Wiggers’ VentureBeat Report
The ThreatQuotient Report is a great resource for anyone who wants to understand the company’s current and future growth strategy. It includes:
- A detailed breakdown of each phase of the company’s expansion plan, including funding sources, milestones, and estimated timing.
- A review of investment trends in cybersecurity products and services over time (including funding by industry).
ThreatQuotient is a startup with a solid background and impressive growth. The company started as a result of its founders’ experience in the tech industry, which was acquired by an Israeli company. ThreatQuotient has raised over $13 million in funding from investors that include 500 Startups, Y-Combinator, and more than 30 others. ThreatQuotient claims that it has been able to achieve these goals through its extensive network with global businesses that are interested in partnering with them on security operations research (SOR). This would seem to be a promising venture for anyone looking for ways to protect their business or personal information online.”
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