AttackIQ Raises $17.6 Million in Series B Funding
AttackIQ, a market leader in continuous security validation has received $17.6 Million in Series B Funding from Khosla Ventures and other existing investors bringing the company’s total funding to $35 million. Brian Byun who is a partner at Khosla Ventures will join as a board of director in AttackIQ. The other investors are Index Ventures, Salesforce Ventures, and Telstra Ventures.
“Since our initial investment in AttackIQ, we have seen the company achieve clear leadership in operationalizing the MITRE ATT&CK™ framework,” states Shardul Shah, partner at Index Ventures and AttackIQ board member. “We are proud to support the management team of AttackIQ. The combination of an obsessive focus on customers, category leadership, and significant momentum will set us up for success in our next chapter of growth.”
AttackIQ’s MITRE ATT&CK framework is regarded as a playbook by the cybersecurity industry in general because it offers a vast volume of knowledge pertaining to the nature of complex cyber attacks and steps required to efficiently cope up with such breaches. AttackIQ’s expertise levels the playing field for cybersecurity teams by detailing step by step procedures about re-enforcing cybersecurity and an in-depth rundown of adversary attack tactics.
All of this subsequently allows cybersecurity personnel in an organization to think systematically helping them understand which points to secure in their Information Technology Infrastructure specific to their opponent’s attacking style and environment. In a nutshell, the ATT&CK framework equips enterprises of all sizes to automate the assessment of their cybersecurity structure along with guaranteeing a good ROI.
“AttackIQ’s unique approach fits our view that effective enterprise security programs require an objective, continuous, and machine-driven approach to pressure test and validate the sprawl of security products and controls,” states Brian Byun, partner of Khosla Ventures. “We believe this market opportunity is huge and that AttackIQ is well positioned to lead the market.”
“AttackIQ is on a mission to fix enterprise security,” states Brett Galloway, CEO of AttackIQ. “We believe that security matters very deeply. A successful cyber attack on critical infrastructure would be devastating. Yet the effectiveness of enterprise security controls is often poor. The missing ingredient is systematic feedback on effectiveness. The best way to deliver this feedback is to emulate attacker behavior and see what the security controls do, or, all too frequently, what they don’t do. AttackIQ provides enterprises the information necessary to move from security guesswork to successfully manage the cybersecurity risks that they face, both today and into the future.”
AttackIQ will disburse the funds in the following areas –
- Development of its continuous security validation platform
- Increase hiring across verticals
- Expand sales and marketing endeavors
- Meet Increasing Customer and Ecosystem Demand
- Fuel the Broadest Coverage of MITRE ATT&CK