Virginia-based cybersecurity startup ThreatQuotient closes $22.5M in new funding to grow its threat intelligence platform
ThreatQuotient, a Reston, Virginia-based cybersecurity startup and a threat intelligence platform that centrally manages and correlates unlimited external sources, today announced $22.5 million in new financing to accelerate the execution of new innovations currently in development. The investment syndicate includes New Enterprise Associates (NEA), Adams Street Partners, Escalate Capital, Blu Ventures, Cisco Investments, and Gaingels.
Headquartered in Northern Virginia, ThreatQuotient was founded in 2013 by Ryan Trost and Wayne Chiang, two former security operations analysts to provide organizations the ability to correlate with confidence. ThreatQuotient offers a platform that helps organizations improve the efficiency and effectiveness of their security operations.
“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. “I am incredibly proud of our team’s efforts and a record-setting performance in a challenging 2020. I thank all of our investors for their interest and support, and I look forward to our continued momentum and success.”
ThreatQuotient is a threat intelligence platform (TIP) that centrally manages and correlates unlimited external sources with all internal security and analytics solutions for contextual, operationalized intelligence in a single pane of glass. ThreatQ is also the first TIP to provide Indicator Nurturing, which goes beyond enrichment to help customers tailor indicators of compromise (IOCs) more specifically to their infrastructure.
“ThreatQuotient gives SOC analysts, incident responders, and threat analysts unmatched flexibility, visibility, and control over their company’s alerts and unique threats that they can’t get from other security operations solutions. NEA is confident that ThreatQuotient’s continued momentum will lead to further market capture.” – Peter Barris, Managing General Partner, NEA
“Since we first invested in ThreatQuotient in 2017, their team has continued to prove to the market that there is a critical need for cybersecurity solutions aimed at security operations. Their attention to detail for customer needs and innovative approach to solving challenges are just a few reasons we are pleased to expand our investment in ThreatQuotient.” – Fred Wang, Partner, Adams Street Partners
Leading global companies use ThreatQuotient’s solutions as the cornerstone of their security operations, including Fortune 100/500, major retail and hospitality, healthcare, technology, finance, and defense customers globally. To learn more about ThreatQuotient’s award-winning solutions and market-leading capabilities, please visit www.threatquotient.com.