February 20, 2014
Today California-based ThreatStream announced that it has raised a $4 million round led by Google Ventures. The Series A round also involved Paladin Capital Group, Cloudera CEO’s Tom Reilly, and Hugh Njemanze, former CTO and founder of ArcSight.
ThreatStream is a SaaS-based cybersecurity startup that has created the Optic platform, a crowdsourced cybsersecurity intelligence solution that goes through the web and aggregates information on all potential security threats (in the form of unsafe files, IP address, etc.) and integrates those threat triggers directly into a company’s current security infrastructure. This data aggregation analyzes connections between threats and allows organizations to track potential threats and security errors in real-time, opening up the ability to take quicker actions to block or prevent them.
With the increasing reliance on the cloud to store personal data, cybersecurity has become a major concern for organizations. In the past few weeks alone, database breaches have hit major organizations from Target to Kickstarter. Indeed, this funding news comes just a day after the University of Maryland reported a security breach exposing the records of 300,000 of its university members.
To date, ThreatStream has raised $4.3 million, with the company having previously raised $300,000 in seed at the beginning of 2013.
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