Anti-fraud company SpyCloud bags $30m in its Series C round

Anti-fraud company SpyCloud has bagged $30m in its Series C round, which was led by Centana Growth Partners.

Contributions also came from SpyCloud’s existing backers M12, Altos Ventures, Silverton Partners, and March Capital Partners.

Having closed the round, the company is planning on expanding its product and engineering teams and create new products.

SpyCloud helps prevent account takeovers by identifying exposed employee and customer accounts or passwords as early as possible, and alerting companies to remediate this. The company’s security researchers use intelligence gathering techniques and tools to build a database of exposed credentials and personally identifiable information.

SpyCloud CEO and co-founder Ted Ross said, “Criminals work together to steal information and find creative ways to monetize it. As a result, even the most careful and sophisticated organizations are vulnerable.

“SpyCloud will continue to pursue new and innovative ways to stay ahead of criminals and provide solutions that make the internet a safer place for individuals and businesses.”

Last year, the company raised $21m for its Series B round, which was led by Microsoft’s venture capital fund M12.

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