MAVA Member ThreatQuotient Raises $12M in Series B Funding, Appoint NEA’s Peter Barris to Board of Directors
RESTON, VA – August 23, 2016 – ThreatQuotient™, a leading provider of enterprise-class threat intelligence platforms, today announced it has secured $12 million in Series B funding. Led by New Enterprise Associates (NEA), and joined by existing investors Blu Venture Investors and the Center for Innovative Technology (CIT), the funding will be used to bolster product development and to further accelerate global expansion in sales, channels and partnerships to scale ahead of increasing demand. As part of the funding, it was announced that NEA Managing General Partner, Peter Barris, has been appointed to the ThreatQuotient Board of Directors, joining current board member and NEA General Partner, Harry Weller. The company also disclosed it has secured a $3 million growth capital facility from Silicon Valley Bank.