4iQ, a provider of cybersecurity and identity verification system, has bagged $18m in its latest round of funding.
The funding was led by cybersecurity, cloud computing and AI-focused investor C5 Capital. As part of the deal, C5 will take a position on the 4iQ board of directors.
US-based 4iQ helps organisations to protect themselves from cyber attacks and financial losses.
Its platform has indexed billions of exposed identities by scanning documents in 26 different languages across search engines and social media. The platform has also investigated deep websites such as paste bins, hacker forums, irc channels and dark websites.
Through this information, the company is able to alert organisations and individuals when their information is exposed, or assets and identities are at risk.
Its identity intelligence and attribution analysis platform helps analyst to build data collections, monitor assets collaborate with other intel units and deliver reports to fulfil business objectives.
C5 Capital managing partner Marcos Battisti said, “With the advent of new cyber threats, which require expertise in artificial intelligence, data analytics and distributed computing to prevent, enterprises and governments are finding that existing cyber protection arsenals are no longer providing sufficient security.
“This environment requires totally new solutions, which combine domain expertise with what we refer to as the Secure Data Ecosystem. 4iQ is leading the way in this area and has created a category-defining tool for cyber investigation in enterprises.”
Earlier in the year, C5 Capital led the $78m Series B funding round of IronNet Cybersecurity, helping the company to expand its services internationally across Europe, Asia, and the Middle East. The company, which is focused on building products to reduce cyber risk and protect nations and industries from the most advanced cyber threat actors, provides IronDome and IronDefense.
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