ThreatQuotient closes $ 22.5 million in new funding
Reston, Virginia – April 6, 2021 – Threat Quotient ™, a leading innovator in security operations platforms, today announced that it has completed $ 22.5 million in new financing, comprising 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 have taken note of the firm’s significant momentum in 2020, particularly their record bookings. and income growth. ThreatQuotient plans to leverage this funding to accelerate the execution of new innovations currently in development.
“Following a strong performance in 2020, we seized the opportunity to secure additional funding and add new investors to our union. ThreatQuotient addresses a critical need for security operations solutions, and we have significant expansion plans to build on this momentum, ”said John Czupak, President and CEO, ThreatQuotient. “I am incredibly proud of our team’s efforts and their record performance in a difficult 2020. I thank all of our investors for their interest and support, and look forward to our continued momentum and success. “
Notable ThreatQuotient Achievements in 2020:
● Closed multiple seven-digit transactions and completed a record number of transactions
● Launch of a new hosted service of the ThreatQ platform with great reception, comprising more than 10% of new bookings
● Became the first threat-centric security operations platform to be approved for a DoD-wide ATO
● Doubled their global presence in 2020 with customers in 12 new countries and became the leading threat intelligence platform provider offering local support from Spain through the expansion in the Iberian Peninsula
● Obtained US patent 10,902,114, “Automated detection of cybersecurity threats with aggregation and analysis” as the company’s first non-provisional patent
ThreatQuotient was recognized for product excellence and industry leadership through several award programs in 2021. The company won four Globee Cybersecurity Excellence Awards 2021, including: Security investigation, Money 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 Money for both Threat detection, intelligence and response and Best cybersecurity company. Additionally, ThreatQuotient was named McAfee Partner of the Year for the second year in a row and the company was listed in the CRN 2021 Partner Program Guide.
“ThreatQuotient gives SOC analysts, incident responders and threat analysts unmatched flexibility, visibility and control over their business’s alerts and unique threats that they can’t get with other business solutions. security operations. NEA is confident that the continued momentum of ThreatQuotient will lead to further market conquest. “- Pierre Barris, Managing General Partner, NEA
“Since we first invested in ThreatQuotient in 2017, their team has been consistently demonstrating to the market that there is a critical need for cybersecurity solutions for security operations. Their attention to detail for customer needs and their innovative approach to problem solving are just a few of the reasons we’re excited to expand our investment in ThreatQuotient. – Fred wang, partner, Adams Street Partners
“Escalate has been impressed with ThreatQuotient’s approach to solving key challenges in the cybersecurity industry, as well as the growth of the business to date. We are excited to join this investment syndicate as an investor in ThreatQuotient and look forward to their continued innovation that will support security operations teams in prioritizing, improving detection and accelerating response. . – Chris Julich, Managing Director, Escalate Capital Partners
“As the largest network of investors 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 funding. We are committed to helping ThreatQuotient grow and evolve while strengthening its prospects for success by creating a culture that reflects the diversity of its leadership teams, staff and clients. “- Lorenzo Thione, Managing Director, Gaingels
Leading global companies use ThreatQuotient’s solutions as the cornerstone of their security operations, including Fortune 100/500 customers, major customers in retail and hospitality, healthcare, technology, finance and defense around the world. To learn more about ThreatQuotient’s award-winning solutions and market-leading capabilities, please visit www.quotientdemenace.com.
About the threat quotient
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 between teams and tools. Integrating an organization’s existing processes and technologies into a unified workspace, ThreatQuotient’s solutions reduce noise, highlight priority threats, and automate processes to provide better focus and decision support while optimizing business processes. 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 and international operations are based in Europe and APAC. For more information visit www.quotientdemenace.com.