Security Experts:

Digital Threat Monitoring Firm RiskIQ Raises $30 Million

RiskIQ, a company that helps detect digital threats stemming from areas such as the Web, malvertising and social media, announced that it has closed $30.5 million in a Series C funding round led by Georgian Partners. 

This latest funding round brings the total raised by the San Francisco, Calif.-based company to more than $65 million. 

RiskIQ Logo

The company explains that its platform leverages machine learning and big data to help enterprises “defend their digital attack surface, pinpoint exposures across their business, and dynamically mitigate cyber threats across web, mobile, and social.”

By using raw internet data collected by its crawlers and internet sensors to continuously map and find threats across an organization’s attack surface, the RiskIQ platform helps enterprise security staff understand new threats, speed up investigations, and more effectively prevent and remediate incidents. 

The company counts more than 200 enterprise customers using the RiskIQ platform, including names such as Facebook, DocuSign, Under Armour, Box, and TripAdvisor. In the first half of 2016, the company reported year-over-year bookings growth of 80 percent.

“Threats start outside the firewall, move inside, and exfiltrate data back outside – and all the while malicious actors can compromise a company’s digital assets, vendors, and customers across web, mobile, and social environments,” said Greg Goldfarb, managing director at Summit Partners. “RiskIQ lights up the entire digital world outside of the controlled perimeter and connects that activity to a company’s internal security regime for 360-degree security.”

Existing investors Summit Partners, Battery Ventures, and MassMutual Ventures also participated in the round. The company raised $25 million in its Series B round in May 2014. 

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.