ThreatConnect Closes Series B Funding in Excess of $16 Million
ThreatConnect® Inc., creator of the most widely adopted Threat Intelligence Platform (TIP), today announced it has closed Series B Funding at more than $16 Million. SAP National Security Services, Inc.® (SAP NS2®), subsidiary of the leading global enterprise software company SAP, led the round. Grotech, the lead investor in ThreatConnect’s Series A, also participated in this round along with other strategic investors.
Due to specific need and demand within the industry, ThreatConnect will use this significant investment to increase its market penetration globally. This investment signals three things for ThreatConnect, its customers, and the market:
- ThreatConnect continues to demonstrate its commitment to becoming an enterprise-class business software platform for cybersecurity;
- ThreatConnect’s platform is being recognized by SAP NS2 as mission-critical for its customers; and
- ThreatConnect continues to pioneer the threat intelligence platform market, with a true platform designed to meet the needs of the C-suite and analysts alike.
“From our very first days, the vision has been to build a platform that gives security operations a long overdue seat at the executive table,” said Adam Vincent, CEO for ThreatConnect. “We started by building something for analysts, designed by analysts while keeping in mind that management, the C-suite, and board also needed a solution. Now, thanks to investment and partnership with SAP NS2, we will be demonstrating to Fortune 2500 organizations and large government agencies the difference an enterprise approach to cyber security can make.”
Over the course of 2015, ThreatConnect has firmly established its position in market as a true threat intelligence platform - programmable by outside developers, connecting users to one another for collaboration, and acting as the brain for other systems. Recently ThreatConnect announced TC Exchange and its software development kit, which gave users an open source workbench to freely share applications with each other, choose and modify applications, and accelerate solution development through plug and play activities.
The investment driven by SAP NS2 is also the precursor to the development of a joint version of the product built on SAP HANA to be added to ThreatConnect’s product portfolio in 2016. SAP HANA is the leading in-memory database and analytic platform built to dramatically accelerate and simplify large and complex computing operations.
“Security operations has become a mission critical element of the enterprise in national security and commercial organizations alike. ThreatConnect is the leader in the marketplace and provides a true threat intelligence platform to address the unmet needs of those organizations. It’s difficult to imagine a better solution and partner to showcase the speed, scalability and power of HANA,” said Ron Police, COO of SAP NS2. “It’s time for security operations to have the same access to enterprise software as do other aspects of the business, and we expect ThreatConnect’s threat intelligence platform to do just that.”
About ThreatConnect
ThreatConnect, Inc. is the leading provider of advanced threat intelligence products and services including ThreatConnect®, the most widely-adopted Threat Intelligence Platform (TIP) on the market. ThreatConnect is the only company to deliver a single platform in the cloud or on-premises to effectively aggregate, analyze, and act to counter sophisticated cyber-attacks. Making advanced analytics capabilities easily accessible to threat intelligence, incident response and security operations analysts, ThreatConnect offers a superior understanding of relevant cyber threats to business operations. To register for a free ThreatConnect account, or to learn more about our products and services, visit: www.threatconnect.com.
About SAP NS2
SAP National Security Services, Inc.® (SAP NS2®) is an independent, 100% U.S. subsidiary of the global enterprise software company SAP, offering a full suite of world-class enterprise applications, analytics, database, cyber security, cloud, and mobility software solutions from SAP, with specialized levels of security and support to meet the unique mission requirements of U.S. national security and critical infrastructure customers. In addition to software solutions, SAP NS2 offers secure support and consulting services from credentialed experts in the national security space. Learn more at www.SAPNS2.com.
About Grotech Ventures
Founded in 1984, Grotech Ventures is a leading early investor in high-potential technology companies. Grotech seeks innovative, early-stage investments across the IT landscape and continues to invest and add value throughout the life cycle of each portfolio company. The firm has a strong combination of financial backing, industry relationships, and deep domain and operational expertise to accelerate growth. With more than $1 billion in committed capital, Grotech supports early-stage companies through investments starting at $500,000. For more information, visit: www.grotech.com.
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Nicole.Nolte@w2comm.com
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