Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

RiskIQ Raises $25 Million to Up its Fight Against Digital Threats

RiskIQ, a company that helps detect digital threats stemming from the Web, online ad networks and mobile, announced this week that it has raised $25 million in a series B round of financing.

RiskIQ, a company that helps detect digital threats stemming from the Web, online ad networks and mobile, announced this week that it has raised $25 million in a series B round of financing.

The San Francisco, California-based security startup said it plans to use the funds to enhance research and development, expand internationally and invest in sales and marketing. In particular, the company wants to expand its customer base in the insurance, ecommerce, media and consumer packaged goods sectors.

RiskIQ LogoAccording to the company, the more than 100 customers, including eight of the 10 largest financial institutions in the U.S., use its technology to monitor web and mobile assets for malware, malicious apps and brand infringements.

“The RiskIQ service combines cloud based intelligence and analytics with a worldwide proxy network and software that emulates real users to expose malware on websites, in mobile apps and advertisements,” the company explained. “Most malware can recognize and evade typical web crawler technology. Using RiskIQ, companies can detect and take down website resident malware, malvertisements and malicious and copycat mobile apps to protect customers from attack and fraud.”

“Criminals are exploiting the trust that customers have in the brands they do business with online,” said Elias Manousos, CEO of RiskIQ. “Companies are recognizing this and looking for ways to protect their digital assets from being used to launch attacks against users. We knew this was going to be a big problem when we started RiskIQ several years ago. This new investment will help us take full advantage of this rapidly growing market opportunity.”

The funding round was led by Battery Ventures and supported by existing investor Summit Partners. As part of the deal, Michael Brown of Battery Ventures has joined RiskIQ’s Board of Directors.

“RiskIQ has developed an innovative solution that allows companies to police their digital assets – web, mobile and advertising – against threats that can do harm to their customers, and ultimately their brands,” Brown said. “We were very impressed with RiskIQ’ s technology, team and vision for addressing a problem that is big and just getting bigger.”

Written By

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.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybercrime

Zendesk is informing customers about a data breach that started with an SMS phishing campaign targeting the company’s employees.

Cybercrime

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.

Cybercrime

A new study by McAfee and the Center for Strategic and International Studies (CSIS) named a staggering figure as the true annual cost of...

Cybercrime

The FBI dismantled the network of the prolific Hive ransomware gang and seized infrastructure in Los Angeles that was used for the operation.

Malware & Threats

Microsoft plans to improve the protection of Office users by blocking XLL add-ins from the internet.

Cybercrime

Video games developer Riot Games says source code was stolen from its development environment in a ransomware attack

Funding/M&A

Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.