SpyCloud, an Austin, TX-based cybersecurity company whose solutions help organizations investigate and protect against cybercrime, raised $35 million in growth financing.
Investors
The investment was from CIBC Innovation Banking.
CIBC Innovation Banking delivers strategic advice, cash management, and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from startup to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver.
SpyCloud Use of Funds
The company will use the funding to continue expanding its offerings.
About SpyCloud
Founded in 2016, SpyCloud is a cybersecurity firm that specializes in investigating and protecting against cybercrime. Its products operationalize Cybercrime Analytics (C2A) to produce actionable insights that allow enterprises to proactively prevent ransomware and account takeover, safeguard employee and consumer identities, and investigate cybercrime incidents. SpyCloud's solutions integrate with a range of leading tools, such as Active Directory, Okta, Tines, Splunk, Microsoft Sentinel, and Palo Alto Networks Cortex XSOAR. Their services cater to a diverse customer base that includes half of the Fortune 10 companies, mid-size businesses, and government agencies worldwide.
Funding Details
Company: SpyCloud, Inc.
Raised: $35.0M
Round: Growth Round
Funding Month: June 2024
Lead Investors: CIBC Innovation Banking
Additional Investors:
Company Website: https://spycloud.com/
Software Category: Cybersecurity
Source: Charlotte Streeter