SOCRadar, a Newark, DE-based provider of enterprise-grade, end-to-end threat intelligence and brand protection, raised $25.2 million in Series B funding.
Investors
The round was led by PeakSpan Capital, with participation from Oxx and early investor 212.
PeakSpan Capital is a growth equity firm based in New York City and San Mateo. Having partnered with over 40 high-growth software businesses and with $1.5B+ in AUM, Its mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes.
SOCRadar Use of Funds
The company will use the funds to expand operations in key geographies, particularly the US market; strengthen its presence in the EU market; penetrate the Managed Service Provider (MSP) and Managed Security Services Provider (MSSP) markets; and invest in research and development, particularly in enhancing AI capabilities across the platform for improved threat detection, response, and automated remediation.
About SOCRadar
SOCRadar is a cybersecurity company that provides enterprise-grade, end-to-end threat intelligence and brand protection solutions. The company focuses on delivering proactive defense against various cyber threats, including ransomware, phishing, Business Email Compromise (BEC), and other externally sourced attacks. Its flagship product, the Extended Threat Intelligence (XTI) cloud-based SaaS platform, offers a comprehensive suite of external cybersecurity solutions such as Cyber Threat Intelligence, External Attack Surface Management, Brand Protection, Dark Web Monitoring, and Supply Chain Threat Intelligence. SOCRadar's mission is to fortify organizational defenses, mitigate external risks, and foster a safer digital ecosystem worldwide.
Funding Details
Company: SOCRadar, Inc.
Raised: $25.2M
Round: Series B
Funding Month: May 2024
Lead Investors: PeakSpan Capital
Additional Investors: Oxx, 212
Company Website: https://socradar.io/
Software Category: Cybersecurity
Source: https://www.prnewswire.com/news-releases/socradar-secures-25-2m-in-funding-to-combat-multibillion-dollar-cyber-security-threats-302152723.html