Los Altos, California-based startup 4iQ, which describes its self as the “identity intelligence company”, this week announced that it has secured $18 million in Series B funding, bringing the total raised by the company to date to $32 million.
The company focuses on helping organizations discover stolen credentials, personal information and proprietary documents that may be exposed and pose a risk.
The new funding, 4iQ says, will be used to expand the IDHunt and IDTheft business lines, powered by IDLake, an archive of more than 14 billion identity records the company has collected from open sources on the deep and dark web.
IDHunt hlps with fraud, money laundering, and financial crime investigations, while 4iQ IDTheft provides real-time alerts of stolen, leaked, or lost credentials and personal information. IDLake, combined with Open Source Intelligence (OSINT), can help Security Operations Centers (SOCs) discover, analyze, and uncover adversaries, the company says.
Led by C5 Capital, the new funding round received participation from ForgePoint Capital, Adara Ventures, and Benhamou Global Ventures (BGV).
“4iQ’s identity attribution analysis capabilities are helping cyber-crime investigation units at major cryptocurrency exchanges and financial institutions unmask monikers, recover funds, prevent millions in fraud losses, and stop future attacks,” Alberto Yepez, 4iQ Board chair and co-founder and managing director of ForgePoint Capital says.
4iQ also announced that André Pienaar, Managing Partner of C5 Capital, and Anik Bose, General Partner of BGV, will join the 4iQ Board of Directors.
The Board includes Julio Casal, 4iQ founder and CTO and founder of AlienVault (acquired by AT&T); Barmak Meftah, President of CyberSecurity Solutions at AT&T; Mike Rogers, former Chair of the House Intelligence Committee; Alberto Gomez, Managing Partner of Adara Ventures; and Javier Monzón, former President of Indra.
Related: Compromised Credentials: The Primary Point of Attack for Data Breaches
Related: The Foundation of Cyber-Attacks: Credential Harvesting