RiskSense secures $12m through Series B funding

RiskSense, a provider of intelligent threat and vulnerability prioritisation, has closed its Series B round on $12m.

The round was co-led by Spring Mountain Capital and NightDragon Security, with participation from UL Ventures, Paladin Capital Group, Sun Mountain Capital, EPIC Ventures and Jump Capital. Last year, RiskSense collected $14m in its extended Series A round.

Headquartered in Sunnyvale, California, the company’s Software-as-a-Service (SaaS) platform unifies and contextualizes internal security intelligence, external threat data and business criticality to transform cyber risk management into a more proactive, collaborative, and real-time discipline.

RiskSense’s team has collaborated with the U.S. Department of Defense and U.S. Intelligence Community on applying artificial intelligence to cybersecurity problems as part of the CACTUS (Computational Analysis of Cyber Terrorism against the U.S.) project.

It threat and vulnerability prioritization platform is currently used by Global Fortune 500 customers, government agencies as well as one of the largest telecommunications providers in the world.

“RiskSense stands out in the cyber risk management sector because of its ability to identify and prioritize security blind spots, so companies can fix what matters most,” said Raymond Wong, managing director and Hhad of growth equity at Spring Mountain. “We love the fact that RiskSense makes the security tools that companies already have more effective.”

RiskSense claims to be the pioneer in intelligent threat and vulnerability prioritisation, providing enterprises and governments clear visibility across their entire attack surface, including attack susceptibility and validation, as well as quantification of risks based on operational data.

By leveraging RiskSense threat and vulnerability management solutions, organisations can shorten time-to-remediation, increase operational efficiency, strengthen their security programs, heighten response readiness, reduce costs, and ultimately reduce the attack surface and minimize cyber risks.

“I’ve evaluated hundreds of security companies and what I admire most about RiskSense is their focus on addressing the one problem every organization faces – reducing risk by prioritising the vulnerabilities that need immediate attention,” said Dave DeWalt, founder of NightDragon and now a strategic advisor to the RiskSense board of directors. “Reducing IT risk is now a board-level topic, and RiskSense provides CEOs and their boards a solution and framework for reducing risk and continuously evaluating their risk assessment in business terms.”

Earlier this year, NightDragon Security participated in ObserveIT’s $33m Series B funding round. Based in Boston, Massachusetts, ObserveIT has more than 1,700 customers across 87 countries, helping organisations identify and eliminate insider threat. Its solution that enables security teams to detect insider threats, streamline the investigation process, and prevent data exfiltration giving comprehensive visibility into what people – contractors, privileged users and high-risk users – are doing.

NightDragon also recently joined Social SafeGuard’s $11m funding round. It provides cloud-based software to manage the full life cycle of digital risk protection, so enterprises can detect, analyse and prevent attacks in real time all while automating governance and compliance. The Social SafeGuard platform helps security, risk, compliance and brand leaders protect their company’s presence across more than 50 digital and social channels.

Copyright © 2018 FinTech Global

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