Bishop Fox, an online security platform, has raised $25m in its Series A round from ForgePoint Capital.
Proceeds from the round will be used to improve its research capabilities and develop new offensive security technology. In addition to this, the company is looking to hire security researchers and testers and will expand the technical abilities of its team.
To support this focus on research, the company co-founder Francis Brown has become the new chief research officer where he will lead the company’s innovation.
US-based Bishop Fox completes penetration tests and security assessments to help companies safeguard their operations and networks.
Its protection services cover applications, networks, infrastructure, architecture, and cloud systems. The company also provides penetration testing, risk assessments and third-party assessments for integrated services.
Bishop Fox co-founder and CEO Vincent Liu said, “We are committed to advancing the state of offensive security in the industry so we can protect our clients from current and future threats. We’re grateful to our clients for their continued confidence in our ability to deliver excellent technical results and superior service.
“As we grow and push the boundaries of the industry, we will continue to invest in our incredible team of talented consultants and practice support personnel to ensure that our promise to clients never falters.”
Last year, ForgePoint Capital led the $18m Series B funding round into cybersecurity and identity verification platform 4iQ. The company provides customer identification tools to more than 3,000 businesses, as well as tools to monitor a user’s behaviour and alert anything suspicious or ‘out of character.
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