ThreatConnect, an intelligence-driven cybersecurity platform, has closed a strategic growth investment.
Private equity firm Providence Strategic Growth (PSG) led the investment. The value of the transaction was not disclosed.
Having closed the round, ThreatConnect hopes to boost its go-to-market strategy, increase development on its platform and expand its ability to create a successful community of customers and partners.
The company also hopes to increase its staff by over 50 per cent in the next 12 months, both domestically and internationally.
Launching in 2014, ThreatConnect offers threat intelligence services to over 1,600 organisations around the world. Its solutions can help businesses automate defences with offerings including phishing analysis and response, threat hunting, vulnerability management, intelligence sharing, dashboards and reporting, case management and brand monitoring.
The solution lets a business aggregate all sources of intel, such as data feeds, technology blogs, and logs from endpoint technologies to identify correlations and achieve actionable insights.
PSG Managing Director Gopi Vaddi said, “Our vision for digital transformation of businesses through software aligns well with ThreatConnect’s vision for intelligence-driven security. Security software is one of the priority sectors for PSG, and we are excited to have found a high quality organization in ThreatConnect led by Adam Vincent and his team – a relationship we cultivated for several years.
“We look forward to working with Adam and the rest of the ThreatConnect leadership team to accelerate what is already a successful and fast-growing organization.”
Earlier in the year, Providence Strategic Growth led the $19m funding round of security and compliance automation developer for cloud technology DivvyCloud. The startup helps enterprises improve security with tools to identify risks in real-time and automate the responses.