ThreatConnect, the maker of well-known Threat Intelligence Platform has announced it raising $16 million in Series B round of funding led by SAP National Security Services, a subsidiary of SAP along with Grotech and other strategic investors.
Founded in 2011, ThreatConnect is the pioneer in offering advanced threat intelligence products and services and is the only company to deliver a single platform in the cloud or on-premises to effectively aggregate, analyze and to counter attack cyber-attacks. The startup offers a superior understanding of all the cyber threats to business operations and helps advanced analytics capabilities easily accessible to threat intelligence, incident response and security operations analyst.
With the funds raised, the startup ThreatConnect plans to use it to increase its market penetration globally for meeting the increasing specific need and demand within the industry. The investment signals being recognized by SAP NS2 as mission-critical for its customers, the company’s commitment to becoming an enterprise-class business software platform for cybersecurity and to be pioneer in the threat intelligence platform market.
“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.”
“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.”