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AttackIQ Secures $8.8 Million to Help Organizations Validate Security Defenses

Series A funding includes Index Ventures, Qualcomm Ventures and Telstra Ventures to accelerate product expansion and drive market growth

/EIN News/ -- SAN DIEGO, Nov. 30, 2016 (GLOBE NEWSWIRE) -- AttackIQ, a leader in the emerging market of continuous security validation, announced it has closed an $8.8 million Series A funding round. The round includes investors from Index Ventures, Qualcomm Ventures and Telstra Ventures. AttackIQ will use the new funding to expand its partner, sales and marketing initiatives, and build out its strategic services and engineering teams.

“Today cybersecurity is a hot topic in every boardroom discussion. Measuring risk and defensive capabilities and then linking it to business decisions is more important than ever before," said Shardul Shah, partner, Index Ventures. “AttackIQ makes it easier for organizations at all levels of their security program to do this with its FireDrill platform. The purpose-built community and the ability to add and integrate seamlessly to the platform is what separates AttackIQ from the competition in this emerging market.”

Since emerging from stealth mode earlier this year, AttackIQ has helped its customers from mid-markets to large enterprises to test and measure the effectiveness of their security defenses. The company’s unique community-driven approach helps organizations answer a simple question – How well are your current security tools, products and processes working? – by identifying baseline readiness, overlaps and gaps in defenses.

“For too long security has been a guessing game. It’s time to bring continuous assurance to enterprise security teams and provide visibility through objective, data-driven decision making,” said Stephan Chenette, CEO, AttackIQ. “We’ll accomplish this with our disruptive security validation platform, robust community and extensive integrations. This funding allows us to actively pursue each of these goals.”

Chenette and Rajesh Sharma, vice president of engineering, founded AttackIQ in 2013 with the strategic objective of disrupting the $75 billion enterprise cybersecurity industry and redefining the way that security is measured. The co-founders share the view that securing today’s complex enterprises, which often uses up to 75 individual security products, depends on security teams having effective technologies and processes that integrate seamlessly into their workflows.

“The rise of digital business has increased cybersecurity risk for companies of all sizes, which makes risks and security management an increasingly important task,” said Mark Sherman, managing director, Telstra Ventures. “The AttackIQ FireDrill platform makes managing cybersecurity risk easier and more cost-effective allowing companies to continuously test and validate their security infrastructure.”

Since its inception, AttackIQ has worked with early adopters in the government, social media, telecommunications, financial services, healthcare, biotechnology, and defense industries, who have influenced the platform and become paying customers.

About AttackIQ:
AttackIQ, a leader in the emerging market of continuous security validation, built the industry’s first platform that gives organizations – from mid-markets to large enterprises – the ability to test and measure the effectiveness of its security capabilities. The open FireDrill™ platform provides insight into how well current security tools, products and processes are working. The AttackIQ Community, which launched in July 2016, brings together the brightest minds in the security industry to challenge existing security practices and bring a more collaborative methodology to validate security decision making. With its FireDrill platform and purpose-built community, AttackIQ is changing the security game.

For more information on AttackIQ and the FireDrill platform, please visit www.attackiq.com. Follow AttackIQ on Twitter, Facebook, and LinkedIn.

Contact Information
Andrea Zack on behalf of AttackIQ
andrea.zack@attackiq.com
512.766.8099

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Distribution channels: IT