Managed intelligence company Nisos has scored $15m in its Series B funding round, which was led by global cyber investment firm Paladin Capital Group.
Other contributions came from existing investors Columbia Capital and Skylab Capital.
Funds from this round will help Nisos accelerate the growth of its managed intelligence services and the Nisos Intelligence Platform, such as improving analyst and client experiences. As part of this, it will expedite product management and development, drive market awareness and elevate customer services and success.
Capital will also be used to meet new client demands.
US-based Nisos provides security intelligence, and trust and safety teams with the tools to secure their systems from cyberattacks, disinformation and abuse.
Nisos has secured over $33m in funding to data and seen a 140% increase in Q1 bookings year-over-year. In the past year, it has expanded internationally with its first European office and grown its team by 60%.
Paladin Capital chief investment officer and managing director Christopher Steed said, “While threat intelligence holds the promise of making protection efforts more precise, in many cases it does the exact opposite, overwhelming teams with terabytes of unorganized information. Managed Intelligence is addressing these shortcomings and empowering security teams with the right information at the right time so that they can effectively combat today’s sophisticated adversaries.
“In this emerging space, Nisos is pioneering an innovative new approach with its unique ability to connect cyber and physical risk for more effective threat intelligence, enabling the company to triple its valuation in two years while also positioning itself for continued rapid growth.”
Paladin Capital recently joined the $200m Series C funding round of identity-driven cyber resilience platform Semperis. The company protects hybrid directory environments and currently safeguards 50 million identities from cyberattacks, data breaches and operational errors.
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