in ,

SpyCloud Aiming to Drive Identity Threat Protection Tech Adoption With $110M Funding Round

SpyCloud Aiming to Drive Identity Threat Protection Tech Adoption With $110M Funding Round - top government contractors - best government contracting event

SpyCloud has raised $110 million in a funding round led by technology-focused private equity firm Riverwood Capital. 

The new capital will support SpyCloud’s plans to innovate its identity threat protection platform and grow its go-to-market teams across the globe, the Texas-based cyber analytics company said Wednesday.

Venture capital firm Silverton Partners participated in the financing activity.

Austin, Texas-based SpyCloud designed its platform to help organizations manage session cookie and credential theft incidents. In January, the company rolled out Compass for security professionals to identify devices, applications and users affected by a malware attack.

“For the last seven years, we have proven that reacting quickly to identity and authentication exposures is the crucial factor in stopping the cycle of cybercrime,” said Ted Ross, co-founder and CEO of SpyCloud.

He added the company aims to help security teams update their cyber defenses and avoid attacks.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Cybersecurity

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Amida Patents AI-Based Chip Security Method - top government contractors - best government contracting event
Amida Patents AI-Based Chip Security Method
Leidos' Srini Iyer: Robust Security Needed to Protect Federal Health Care Data in the Cloud - top government contractors - best government contracting event
Leidos’ Srini Iyer: Robust Security Needed to Protect Federal Health Care Data in the Cloud