ThreatConnect., an Arlington, VA.-based threat intelligence platform platform provider, today announced that it has closed a Series B Funding round in excess of $16 Million.
The company said it would use the investment to increase its market penetration globally.
ThreatConnect explains that its platform allows government agencies and enterprises to aggregate all available threat data, analyze it rapidly, automate actions, and produce “tactical, operational and strategic threat intelligence” in a single place.
“From our very first days, the vision has been to build a platform that gives security operations a long overdue seat at the executive table,” said Adam Vincent, CEO for ThreatConnect. “We started by building something for analysts, designed by analysts while keeping in mind that management, the C-suite, and board also needed a solution.”
The company recently launched TC Exchange, which allows users to join or create their own communities and share applications and data with each other.
SAP National Security Services (SAP NS2), a subsidiary of SAP, led the funding round. Existing investor Grotech also participated in the round, along with other strategic investors, the company said.
A joint version of the product built on the SAP HANA database and analytic platform will be added to ThreatConnect’s product portfolio in 2016.