Spyderbat raises $2.4m in funding as it preps for launch

Cybersecurity platform Spyderbat has raised $2.4m in its seed funding round, which was led by LiveOak Venture Partners and Benhamou Global Ventures.

Also joining the round was cybersecurity veteran John McHale.

The company will use the fresh capital to accelerate the development of its product, which is set for launch later this year.

There is little information available around what Spyderbat will offer, but it claims to “radically change” how organisations handle early threat discovery and investigation.

Spyderbat CEO Marc Willebeek-LeMair said, “Security operations today lack clear information to identify and resolve early indications of a threat.

“Shifts to cloud-native environments exacerbate this challenge. Today, triage and investigation are painfully complex, time-consuming, and often lead to erroneous or inconclusive results. We realized an entirely new approach was needed to revolutionize security operations to radically improve its efficiency.”

The company was founded by cybersecurity veterans Marc Willebeek-LeMair and Brian Smith. Willebeek-LeMair and Smith are the former founders and senior executives of Click Security, a security analytics platform for enterprises, critical infrastructure, and government agencies to protect their networks.

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