Breach simulation startup AttackIQ raises $44M to fuel expansion

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To accelerate its global expansion, AttackIQ, a cybersecurity startup that offers businesses breach and attack simulation tools, has raised $44 million in Series C funding.

Current partners, including Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures, also participating. The fundraising round was spearheaded by Atlantic Bridge, Saudi Aramco Energy Ventures (SAEV), and Gaingels. The company has now secured $79 million in total capital due to the round.

 Founded in 2013 and headquartered in San Diego, California, is AttackIQ. It offers an automated validating platform that runs scenarios to find any protection gaps. Allowing businesses to test and gauge the effectiveness of their security posture and get advice on how to solve any problems. AttackIQ’s platform generally assists a company’s security teams in foreseeing, preparing for, and searching for dangers that may impact their business before hackers do.

Its Security Optimization Technology platform is based on the MITRE ATT&CK framework, a curated knowledge library of known adversary threats, tactics, and techniques. It supports Windows, Linux, and macOS across public, private, and on-premises cloud settings. Various cybersecurity firms utilize this, including FireEye, Palo Alto Networks, and Cymulate, which are also developing continuous validation services.

This most recent round of funding comes more than two years after the previous one and comes at a “dynamic time,” according to AttackIQ, for the business. In addition to the significant increase in supply-chain assaults and ransomware. Which has made cybersecurity a more critical concern for businesses. The company recently expanded its international expansion efforts through a relationship with technology distributor Westcon.

Through its newly formed collaboration with Atlantic Bridge. The business plans to use the additional funding to broaden its global reach. Due to this agreement, Kevin Dillon, the company’s co-founder and managing director will join the AttackIQ board of directors.

AttackIQ has made a name for itself as the market leader. Counts four of the Fortune 20 among its impressive enterprise clients, according to Dillon. We sincerely believe in the company’s goal and potential to be the next billion-dollar cybersecurity software company. We look forward to helping the company convert early success in Europe and the Middle East into robust and long-term expansion.

AttackIQ’s CEO, Brett Galloway, stated that the funding “reaffirms the strength” of its platform.

The startup enables businesses to assess the effectiveness of their security defenses and manages the AttackIQ Academy. Which offers free introductory and advanced cybersecurity training. To present, 17,200 students from 176 different countries have registered.

The investment included new investors Index Ventures, Salesforce Ventures, Khosla Ventures, and Telstra Ventures, in addition to Atlantic Bridge, Saudi Aramco Energy Ventures (SAEV), and Gaingels. Kevin Dillon, co-founder and managing partner at Atlantic Bridge, joined the AttackIQ governing board along with the funding.

 The company, has offices in Santa Clara, Los Altos, Barcelona, and London. Plans to use the capital to broaden operations and its clientele internationally.

 For CISOs to keep their staff informed about the most recent cybersecurity attack techniques and defense strategies. AttackIQ Academy offers free introductory and advanced cybersecurity training and practical cyber range labs.

AttackIQ developed a Security Optimization Platform under the direction of Brett Galloway for enhancing the effectiveness and efficiency of security programs and performing continuous security control validation. Organizations worldwide use it to coordinate security upgrades and test that cyber defenses perform as planned, in line with the MITRE ATT&CK architecture.

The company’s efforts to expand internationally in the Asia Pacific and Japan (APJ). As well as Europe, the Middle East, and Africa (EMEA), have lately been accelerated.

AttackIQ’s strategy for regional expansion includes a partnership with Westcon. The top business technology distributor globally, which gives them access to a vast network of reseller partners.

Are we prepared for the next attack? Is the crucial query that every CISO must address, according to Galloway. CISOs can ensure the efficacy and efficiency of their security strategies with AttackIQ.

Conclusion: AttackIQ, a provider of Breach and Attack Simulation (BAS) technologies, raised $44 million in Series C funding, increasing its total capital to over $79 million.

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