ThreatX Raises $10M in Funding
ThreatX, a Denver, CO-based web application and API protection (WAAP) platform, raised $10m in funding.
The round was led by .406 Ventures with participation from existing investors Access Venture Partners and Grotech Ventures. In conjunction with the funding, Greg Dracon, Partner, .406 Ventures, will join the ThreatX board of directors.
The company intends to use the funds to:
Accelerate business on all fronts and increase revenue by 150% in 2021.
Enhance its worldwide sales engine to further penetrate existing markets and expand into new vertical segments.
Strengthen its fully-managed WAAP services team to offer clients the application security expertise necessary to combat adversaries.