Prevailion, a specialist in compromise intelligence, has received a strategic investment from Legion Capital Management.
The funding comes months after Prevailion secured a $10m Series A which was led by cybersecurity-focused venture firm AllegisCyber. This is the startup’s third batch of funding, having previously secured $2m in a seed round from DataTribe in 2018.
The cybersecurity company aims to change the way businesses approach risk mitigation and decision making. Through tailored intelligence and a zero-touch platform, the technology can conduct due diligence, make value adjustments, monitor an organization’s ecosystem and enhance the reach of security and risk analysis teams.
Access is given to historical and active cyber compromises impacting thousands of organizations around the world to help a business better identify, collect and analyse evidence of breaches.
Legion Capital managing partner Mike Viscuso said, “What Prevailion is offering is a game-changer in cybersecurity, because it is fundamentally shifting the balance of power from the attackers to their potential targets.
“We made the investment in Prevailion because it represents everything CISOs want: A product with no installation and no configuration; created and delivered by a world-class team of security veterans. We are honoured to be part of the team.”
In line with the deal, Viscuso will join Prevailion’s board as an observer.
Cybersecurity investment opportunities have gathered a lot of interest this year. Over the course of the first three quarters a total of $3.8bn has been invested into the RegTech sector globally, of which, 36.9% has been raised by cybersecurity startups.
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