Cybersecurity company SnapAttack has secured $8m from a financing round led by Volition Capital.
The funding raise also including financial backing from Booz Allen Hamilton and Strategic Cyber Ventures.
Established in 2021, SnapAttack is a cyber threat hunting and detection company which offers a solution that enables community collaboration around threat intelligence, behavioural analytics and attack emulation.
The company claims it currently has the ‘most extensive library of labelled attacks in the world’, which gives the platform the ability to help security teams deploy high-quality, validated analytics based on real hacker tradecraft. SnapAttack said what makes it unique in the market is that it combines offensive and defensive tradecraft to identify security haps and improve advanced behavioural detections.
According to SnapAttack, it intends to use the new funding to speed up platform development to further integrate across security operations processes, manage the entire lifecycle of detection and enhance reporting. The firm is also planning to use the capital to drive additional threat intelligence and analytic content types into the platform to create ‘the most robust and comprehensive detections with minimal human interaction.
Team expansion will also be achieved through the funding, with the company focusing on product, sales and engineering in order to drive product adoption and grow its customer base across federal and commercial markets.
SnapAttack CTO Fred Frey said, “SnapAttack is poised to empower a new level of collaboration among the next generation of ethical hackers, threat hunters and security researchers providing advanced insights to stop attackers in their tracks.”
Volition Capital founding partner Roger Hurwitz added, “Platforms that empower threat hunters and lead the cybersecurity industry to be more proactive will help turn the tide against the onslaught of attacks we’re seeing across the Federal government and commercial sectors. We believe SnapAttack can help lead the change from reactive to proactive.”
Copyright © 2021 FinTech Global
