ThreatStream said Thursday it raised $22 million in series B funding led by General Catalyst Partners. New investors Institutional Venture Partners and previous investors Google Ventures andPaladin Capital Group also participated. Redwood City, Calif.-based ThreatStream offers a SaaS-based cyber security threat intelligence platform.
REDWOOD CITY, Calif., Dec. 4, 2014 /PRNewswire-USNewswire/ — ThreatStream™, the provider of a threat intelligence platform that identifies cyber threats and facilitates trusted threat sharing, today announced that it has raised $22 million in series B funding led by General Catalyst Partners, with significant investment by new investors Institutional Venture Partners and previous investors Google Ventures and Paladin Capital Group. With this investment, Steve Herrod, managing director at General Catalyst Partners, will join the ThreatStream Board of Directors, which already includes 30-year industry veteran Tom Reilly, the former CEO of ArcSight and current CEO of Cloudera.
This funding was secured based on the rapid adoption of ThreatStream OPTIC™, the first community-vetted threat-sharing platform to manage the entire life-cycle of security threat intelligence. Since the company’s founding in February 2013, more than 1,100 registered users from Fortune 1000 and government organizations have deployed the ThreatStream OPTIC platform, which analyzes threat intelligence feeds from hundreds of sources, digitally integrating that intelligence into the operations of customer organizations existing security devices. Building on the momentum of the past year, ThreatStream will use this funding to ensure customer success as well as to further accelerate growth and revenue.