Threat intelligence company Flashpoint this week announced that it received a total of $34 million in investment and debt financing.
Of the total amount, $6 million represents new equity from investors and $28 million is debt financing from Bank of Montreal’s Technology and Innovation Banking Group.
Flashpoint says it plans on using the money to accelerate innovation and product development, expand data collections, and increase customer acquisition and support.
The latest funding brings the total raised by the company since 2015 to over $80 million.
“This is an exciting time for Flashpoint, and it is an honor to have such strong and committed financial partners,” said Josh Lefkowitz, the company’s CEO and co-founder. “Some have been with us since almost the beginning, and some are newer to the Flashpoint family, but they all equally understand and support our mission of providing security and intelligence solutions that help our clients combat fraud, insider threats, physical security risks, and also improve their vulnerability management.”
Flashpoint provides threat intelligence and risk solutions that rely on technology, data collections and human analysts to help organizations improve their cybersecurity posture, detect insider threats, address third-party risk, tackle fraud, and assist due diligence efforts.