Breach and Attack Simulation (BAS) systems provider AttackIQ raised $44m in Series C funding, bringing the total raised by the company to approximately $79m.
The round was led by Atlantic Bridge, Saudi Aramco Energy Ventures (SAEV) and Gaingels with participation from existing investors Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures. In conjunction with the funding, Kevin Dillon, co-founder and managing partner at Atlantic Bridge, joined the AttackIQ board of directors.
With offices in Santa Clara, and Los Altos, CA, Barcelona and London, the company intends to use the funds to expand operations further and its business reach globally.
AttackIQ Academy provides free entry-level and advanced cybersecurity training and hands-on cyber range labs, so CISOs can keep their teams knowledgeable on the latest cybersecurity attack methods and defence strategies.
Led by Brett Galloway, AttackIQ built a Security Optimization Platform for continuous security control validation and improving security program effectiveness and efficiency. It is used by organisations worldwide to plan security improvements and verify that cyberdefenses work as expected, aligned with the MITRE ATT&CK framework.
With more than 17,200 registered students to date in 176 countries, AttackIQ Academy provides free entry-level and advanced cybersecurity training and hands-on cyber range labs for CISOs to keep their teams knowledgeable on the latest cybersecurity attack methods and defence strategies.
The company has recently accelerated its international expansion efforts throughout Europe, the Middle East and Africa (EMEA), as well as the Asia Pacific and Japan (APJ) regions.
AttackIQ’s strategic expansion in the regions includes a partnership with the leading global distributor of business technology, Westcon, which provides access to an extensive network of reseller partners.
Galloway said, “The key question every CISO must answer is, ‘Are we ready for the next attack?’ AttackIQ lets CISOs assure the effectiveness and efficiency of their security programs.”
Echoing a similar sentiment, Aramco Ventures CEO Mahdi Aladel said, “Cybersecurity has become a strategic discipline for large organizations as the pressure on security professionals increased dramatically in the wake of COVID-19, and even more in the recent supply chain and ransomware breaches.
“The ability to proactively identify and resolve security gaps using breach and attack simulation was recently featured in Gartner’s list of the top 2021 security and risk management trends. We are delighted to partner with AttackIQ to scale these solutions in the market.”
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