Cybersecurity platform SpecterOps has secured $25m for its Series A funding round, which was led by Decibel.
The capital will enable the CyberTech to accelerate the adoption of its BloodHound Enterprise (BHE) solution. BHE is allegedly the industry’s first platform for comprehensively removing identity attack paths in Microsoft’s Active Directory (AD) and Azure AD.
Funds will also be used to expand the company’s research and development initiatives.
Other investors to join the Series A funding round include Mandiant CEO and founder Kevin Mandia and Duo Security co-founders Jon Oberheide and Dug Song.
BloodHound Enterprise was launched in 2021 and was inspired by SpecterOps’s BloodHound free and open source software (FOSS), which has become a popular tool for penetration testers and red teamers to identify attack paths within on-premises AD and Azure AD cloud environments.
The platform experienced significant growth in 2022, with its revenue and customer acquisition both growing by over 600%.
SpecterOps CEO David McGuire said, “We’ve seen incredible growth in the past year as enterprises recognize the need for practical solutions to identity-based threats. Our approach with BloodHound Enterprise is unique because rather than focusing on controlling access, we treat the identity ecosystem as a networked graph, mapping attack paths continuously in the same manner that bad actors test the soft spots of a corporate ecosystem.
“This new funding will enable us to further invest in R&D, grow our team, deliver powerful new features to customers, expand our consulting and training teams, and take our research and open-source projects to the next level.”
In other CyberTech news, Mobb, an automatic vulnerability fixer, secured $5.4m in its seed funding round, which was led by angel investor Ariel Maislos.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
