Spycloud Raises $110 Million Growth Round Led By Riverwood Capital To Accelerate Identity Threat Protection
Aug 24, 2023•almost 2 years ago
Amount Raised
$110 Million
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.
Funding Insights
Based on industry dataVC-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