Flashpoint, a business risk intelligence company, has collected $34m in a mix of debt and equity.
Bank of Montrea’s Technology and Innovation Banking group supplied $28m in debt financing. The remaining $6m of the round was an equity injection from a number of unnamed investors.
With the new funds, Flashpoint is looking to accelerate the innovation and product development of its platform, expand its data collections, and increase customer acquisition and support globally.
Flashpoint offers converged intelligence and risk solutions to private and public sector businesses. Its technology also helps organizations bolster cybersecurity, confront fraud, detect insider threats, enhance corporate and physical security, improve executive party protection, address third-party risk and support sue diligence processes.
Flashpoint CEO and co-founder Josh Lefkowitz said, “This is an exciting time for Flashpoint, and it is an honour to have such strong and committed financial partners.
“Some have been with us since almost the beginning, and some are newer to the Flashpoint family, but they all equally understand and support our mission of providing security and intelligence solutions that help our clients combat fraud, insider threats, physical security risks, and also improve their vulnerability management.”
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