Canadian cybersecurity company HYAS has raised $6.2m in a Series A funding round led by M12, Microsoft’s Venture Fund.
The round also featured participation from Startup Capital Ventures, 205 Capital, Wesley Clover and luminary cybersecurity professionals Tim Eades and Tom Noonan.
HYAS, a provider of attribution intelligence tools for infosec and cybersecurity professionals, said it will use the new capital to build out its current products and services.
It also plans to introduce ‘groundbreaking new technology’ with ‘unparalleled’ real-time visibility and attribution into attacks and breaches across global networks.
Led by Founder and CEO Chris Davis, HYAS is used by Fortune 100 companies, as well as governments, law enforcement and intelligence agencies.
Comox, the company’s attribution intelligence platform, gives clients access to billions of exclusive threat indicators. Searching and cross-referencing a broad array of proprietary data, the platform provides critical new visibility for analysts, threat researchers and investigators, vastly increasing the accuracy of their findings and their ability to respond quickly to threats.
HYAS is going beyond threat detection and providing the attribution tools required to actually identify and prosecute cybercriminals,” said Matthew Goldstein, partner at M12.
“Their approach is wholly unique, as are the results, and customers are already responding aggressively. Widespread adoption of Comox and subsequent products will help take bad actors off the Internet, and lead to an overall decrease in cybercrime globally.”
Based in Victoria, British Columbia, HYAS provides attribution intelligence tools to help infosec and cybersecurity professionals identify threats and the cybercriminals behind them.
Its online detection, analysis and investigation tools are powered by exclusive datasets, which give HYAS an ‘unparalleled view’ into malicious activity and the infrastructure used to conduct it, according to the company.
Its database of cybercrime indicators contains billions of data points, with millions of new points added every day. The company claims to differ from other cybersecurity service providers by focusing on pinpointing the perpetrators of these digital attacks, working closely with clients and international law enforcement to bring them to justice.
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