Strider Technologies, a company that provides solutions for combating cyber-espionage, on Tuesday announced that it raised $10 million in Series A funding. To date, the startup has raised $12 million.
Founded in May 2019, the Washington DC-based security firm provides organizations with tools designed to keep their intellectual property and personnel secure from cyber-espionage, including the activities of nation-states.
Aiming to help organizations mitigate innovation theft and supply-chain vulnerabilities, Strider offers a platform suitable not only for corporations, but also for government agencies and research institutions looking to identify, assess, and remediate state-sponsored economic espionage.
Strider, which claims it has seen rapid growth in demand for its platform, plans to invest the new funds in product research and development, looking to add new modules to the Strider Intelligence Platform.
The company will also release Strider Shield, a data-driven product designed to identify high-risk activity and behavior across enterprise systems. Furthermore, Strider is opening a Salt Lake City, Utah, office.
The new funding round was led by Koch Disruptive Technologies and saw participation from Ottawa-based One9 Ventures and previous investor DataTribe.
“We founded Strider with a clear mission—create a capability that ensures our customers maintain a competitive edge in a rapidly evolving commercial environment where nation-states are targeting their talent and IP,” Greg Levesque, Strider CEO and co-founder, commented. “Partnering with Koch Disruptive Technologies will enable us to drive this mission forward and expand our ability to deliver cutting-edge data and software to our customers that better safeguard their employees, protect their innovation and property, and secure their long-term competitiveness.”
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