Cyber Intelligence startup 4iQ scores $30 million in Series C funding to accelerates growth in the digital risk protection space
4iQ is a Silicon Valley Cyber Intelligence startup that provides adversary intelligence to help organizations measure, monitor, and manage digital risk. 4iQ protects digital identities and investigating threats, adversaries, and fraud. The company’s proprietary 4iQ IDLake, 4iQ curates, and archives more than 45 billion identity records collected from data breaches and leaks found in open sources, on the surface, social and deep, and dark web. Using this data, 4iQ is able to help organizations assess risk exposure for clients and protect their digital identities, and investigating threats, adversaries, and fraud.
To further accelerates its growth in the digital risk protection space, 4iQ announced today it has raised $30 million in Series C funding, led by ForgePoint Capital and Benhamou Global Ventures, with participation by C5 Capital, Adara Ventures, and TheVentureCity. In addition to the funding, 4iQ also announced it has appointed Kailash Ambwani as Chief Executive Officer. With Ambwani at the helm, 4iQ will ramp investments in go-to-market activities and accelerate innovation to help customers better anticipate and respond to emerging digital risks.
Founded in 2016 by Alberto Gomez and Julio Casal, 4iQ is an adversary intelligence company on a mission to empower intel analysts, security researchers, and criminal investigators with capabilities to discover, uncover, and disrupt adversaries. 4iQ’s identity intelligence and attribution analysis solution is used by Fraud Investigation Units, Anti-Money Laundering and Financial Crime Intel Units, and advanced Security Operations Centers.
“As our lives become increasingly digital, the need for cyber intelligence becomes even more critical,” said Alberto Yepez, 4iQ Board chair and co-founder and managing director of ForgePoint Capital. “4iQ enables enterprises to understand their digital risk and exposure – and to take a more proactive approach to identify threat actors. Under Kailash’s strategic guidance, 4iQ is well-positioned to become a leader in the Digital Risk Protection market.”
Ambwani brings a proven track record of scaling businesses with more than 20 years of leadership experience, most recently as CEO of Waterline Data, a global leader in data cataloging solutions and applications. Prior to that, Ambwani was President and CEO of Actiance, a leading provider of compliance, security, archiving, and eDiscovery for all critical business communications.
“4iQ is at the forefront of understanding modern digital risk and I’m elated to lead the company toward its vision to help every company operationalize that understanding, stop fraud and crime, and make people safer,” said Ambwani. “It’s no longer enough to keep your own house in order. Exposed credentials continue to proliferate in underground communities, especially in the wake of COVID-19, and so, now more than ever, we must empower investigators to uncover the real identities behind criminal activities and thwart future attacks.”