ThreatQuotient Closes $22.5 Million in New Financing to Accelerate Innovation and Execution
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Continued momentum in 2020 including record bookings, new customers and revenue growth garners attention of new investors
London, UK. – 6th April, 2021 - ThreatQuotient™, a leading security operations platform innovator, today announced it has closed $22.5 million in new financing, including a combination of equity and debt financing. The investment syndicate includes New Enterprise Associates (NEA), Adams Street Partners, Escalate Capital, Blu Ventures, Cisco Investments and Gaingels, who took notice of the company’s significant momentum in 2020, specifically their record bookings and revenue growth. ThreatQuotient plans to leverage this financing to accelerate execution of new innovations currently in development.
In total, ThreatQuotient has now raised $60 million in equity plus a debt facility.
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.
The Reston, Virginia-based company says the additional funding will help “accelerate execution of new innovations currently in development.”
“As a result of strong performance in 2020, we welcomed an opportunity to secure additional funding and add new investors to our syndicate. ThreatQuotient is meeting a critical need for security operations solutions, and we have significant expansion plans to continue this momentum,” said John Czupak, President and CEO, ThreatQuotient.
Continued momentum in 2020 including record bookings, new customers and revenue growth garners attention of new investors.
Reston, Va. - April 6, 2021 - ThreatQuotient™, a leading security operations platform innovator, today announced it has closed $22.5 million in new financing, including a combination of equity and debt financing. The investment syndicate includes New Enterprise Associates (NEA), Adams Street Partners, Escalate Capital, Blu Ventures, Cisco Investments and Gaingels, who took notice of the company’s significant momentum in 2020, specifically their record bookings and revenue growth. ThreatQuotient plans to leverage this financing to accelerate execution of new innovations currently in development.
“As a result of strong performance in 2020, we welcomed an opportunity to secure additional funding and add new investors to our syndicate. ThreatQuotient is meeting a critical need for security operations solutions, and we have significant expansion plans to c
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Cisco to invest $3-5 million in Indian ‘enterprise SaaS’ start-ups
March 09, 2021
× Networking giant Cisco is looking to invest $3 million to $5 million in Indian enterprise SaaS start-ups for a minority stake. The company has a portfolio of about 10 start-ups that it has already invested in directly or through investment partnerships with VC funds.
Whatfix, Videonetics, Mobikwik, Mobstac and CloudCherry are some of the start-ups in its portfolio in India.
“Globally we invest about $100 million to $200 million every year, from Series A to late-stage growth investments. There is no specific allotment to India, because we don’t operate that way. India investments may ebb and flow according to the opportunities we see in the market and the strategy we want to execute. The sweet spot for our India investments would be in the $3 million to $5 million range” said Pankaj Mitra, Director and India Head, Cisco Investments & Acquisitions.