AttackIQ raised $44M in Series C funding to accelerate expansion

AttackIQ is a cutting-edge cybersecurity company that solutions to the organization to protect themselves from breach and attack simulation. The startup recently raised a hefty amount of $44 million in Series C funding round with a view to ramp up its ecosystem and focus on international expansion. The Series C funding round was led by Saudi Aramco Energy Ventures (SAEV), Atlantic Bridge and Gaingels. The other existing vendors include Index Ventures, Khosla Ventures, Telstra Ventures and Salesforce Ventures. The current funding brings total funding for the company to $79 million.

Founded in the year 2013 the San Diego, California-based startup provides an automated validation platform. The software runs various scenarios to detect any gaps in a company’s defenses. Thus, makes it easier for organizations to test and measure the effectiveness of their security posture and even offers guidance on the ways to fix vulnerabilities. In other words, AttackIQ enables organizations to be ahead of the hackers and anticipate, prepare &hunt for threats that may impact their business.

Security Optimization Platform offered by AttackIQ supports Windows, Linux and macOS across all public, private and on-premises cloud environments. The plaform is based on MITRE ATT&CK framework and offers a curated knowledge base that compiles known adversary threats, tactics and techniques.

AttackIQ says this latest round of funding, which comes more than two years after its last, arrives at a “dynamic time” for the company. In recent times, cybersecurity has become the greatest priority for organizations as there has been a major uptick in both ransomware and supply chain attacks. As a result, the company has ventured into international expansion efforts through a partnership with technology distributor Westcon. CEO Brett Galloway said that the round has reaffirmed the strength of its platform. Moreover, to enable the organizations to review the robustness of their security defenses, the startup runs AttackIQ Academy and will continue to spread awareness.