Cybersecurity platform EclecticIQ bags $20m in its Series C

Global threat intelligence, hunting and response technology developer EclecticIQ has scored €20m in its Series C round.

Ace Management acted as the lead investor, with additional support coming from Capricorn Digital Growth Fund, Quest for Growth, Invest-NL and Arches Capital. Several existing EclecticIQ backers also joined the round, including INKEF Capital, KEEN Venture Partners and KPN ventures.

This equity injection has been earmarked for expanding the company’s international footprint, product suite and business strategy. To support this growth, the RegTech will grow its commercial teams in Europe and the US, as well as establish a presence in the Middle East, Africa and Asia Pacific.

EclecticIQ is a global threat intelligence, hunting and response technology provider that helps protect businesses against global threats. Its technology helps manage threat intelligence, create situational awareness and adopt an intelligence-led approach.

Joep Gommers, EclecticIQ’s co-founder and chief executive officer said, “It is exciting to bring in a high-calibre cyber investor like Ace Management, which shares our vision of threat intelligence at the core of cybersecurity, and sees the opportunity to transform the industry by solving massive challenges faced in threat detection, hunting and response.

“This financial investment will enable EclecticIQ to drive the industry forward and support our clients more effectively facing an ever-evolving threat landscape.”

As part of the deal, Ace Management partner Francois Lavaste will join the EclecticIQ board of directors.

With the close of the round, the company has secured a total of €47m in funding over the past four years.

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