Cybersecurity and identity verification platform 4iQ has closed its Series B round on $18m.
As previously reported by RegTech Analyst, C5 Capital led the round, but it has been revealed contributions also came from ForgePoint Capital, Adara Ventures, and Benhamou Global Ventures (BGV).
Alongside the investment, C5 Capital managing partner André Pienaar and BGV general partner Anik Bose will join the 4iQ board of directors.
US-based 4iQ helps organisations to protect themselves from cyberattacks and financial losses.
Its platform has indexed billions of exposed identities by scanning documents in 26 different languages across search engines and social media. The platform has also investigated deep websites such as paste bins, hacker forums, irc channels and dark websites.
Through this information, the company is able to alert organisations and individuals when their information is exposed, or assets and identities are at risk.
Its identity intelligence and attribution analysis platform helps analyst to build data collections, monitor assets collaborate with other intel units and deliver reports to fulfil business objectives.
The new capital is set to be used for product innovation and customer acquisition. Part of this, includes the expansion of the company’s IDHunt and IDTheft business lines.
4iQ IDHunt provides analysts in fraud investigation Units, anti-money laundering and financial crime intel divisions and advanced security operations centres with tools to discover, analyse and uncover adversaries.
Its 4iQ IDTheft services offers real-time alerts on stolen, leaked or lost credentials and personal information to individuals.
ForgePoint Capital co-founder and managing director Alberto Yepez said, “Cryptocurrencies are here to stay. 4iQ’s identity attribution analysis capabilities are helping cyber-crime investigation units at major cryptocurrency exchanges and financial institutions unmask monikers, recover funds, prevent millions in fraud losses, and stop future attacks.”
Copyright © 2018 RegTech Analyst
