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Spycloud Raises $110 Million Growth Round Led By Riverwood Capital To Accelerate Identity Threat Protection

Aug 24, 2023almost 2 years ago

Amount Raised

$110 Million

AustinSecuritySoftwareAnalytics

Investors

Riverwood Capital

Description

SpyCloud, the leader in operationalizing identity analytics to automate the protection of digital identities, today announced it has closed a $110 million growth round commitment of primary and secondary capital led by Riverwood Capital, a global investor in high-growth technology companies. More than 500 market leaders across every industry – including half of the Fortune 10 – already use SpyCloud to thwart cybercrimes including ransomware, account takeover, session hijacking, and online fraud.

Company Information

Company

SpyCloud

Location

Austin, Texas, United States

About

SpyCloud transforms recaptured darknet data to protect businesses from identity-based cyberattacks. Its products deliver actionable insights that allow enterprises to proactively prevent ransomware and account takeover, protect their business from consumer fraud losses, and investigate cybercrime incidents. Its unique data from breaches, malware-infected devices, and other underground sources also powers many popular dark web monitoring and identity theft protection offerings. SpyCloud customers include half of the ten largest global enterprises, mid-size companies, and government agencies, and its solutions protect over four billion accounts globally. Headquartered in Austin, TX, SpyCloud is home to nearly 200 cybersecurity experts whose mission is to make the internet safer with automated solutions that help organizations combat cybercrime.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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