Threat intelligence platform provider ThreatQuotient announced on Monday that it has raised $30 million in Series C funding, bringing the total amount raised by the company to $54 million to date.
Founded in 2013 by Wayne Chiang and Ryan Trost, who previously worked at a Security Operations Center of defense contractor General Dynamics, ThreatQuotient offers a threat intelligence platform that helps customers manage and correlate external sources with all internal analytics solutions for contextual, operationalized intelligence.
According to the Reston, Virginia-based company, the funding will be used to fuel product development and support sales and marketing efforts for global expansion.
The company’s ThreatQ platform allows security analysts to leverage a threat library, an adaptive workbench, and an open API exchange to provide threat intelligence that is timely, accurate and relevant to their business.
ThreatQuotient claims that its platform eliminates the need for a security analyst to go through an entire pool of data to identify a threat by automating the process and suggesting sources of data that are more relevant to a given client.
“Our industry is at a crossroads and organizations must shift beyond simple detection and response to a position of understanding and anticipating threats through intelligence-driven security,” said John Czupak, President and CEO of ThreatQuotient.
The Series C round was led by Adams Street Partners, while strategic partners Cisco Investments and NTT DOCOMO Ventures joined existing investor New Enterprise Associates (NEA), and growth capital partner Silicon Valley Bank in the financing.
Fred Wang, a partner of the Venture/Growth Team at Adams Street Partners, will join ThreatQuotient’s board of directors.