Threat intelligence company HYAS has closed a funding round on $16m as it looks to further its global expansion plans.
The round was led by Texas-based investor S3 Ventures, with commitments also coming from Uncorrelated Ventures, Tightline Holdings, Cyber Mentor Fund and Dcode Capital. Existing HYAS backers M12, Startup Capital Ventures, Wesley Clover and 205 Capital, also committed capital to the fresh round.
In line with the deal, S3 Ventures partner Charlie Plauche will join the HYAS board of directors.
This investment equity will be used to bolster product development efforts and further its international growth.
HYAS CEO Dave Ratner said, “Supply-chain, phishing and ransomware attacks continue to victimize enterprises and government organizations because traditional approaches to security aren’t closing the gap fast enough. HYAS turns the table on attackers by exposing and blocking their infrastructure, and communication channels.
“This new round of financial support and the deep expertise of our new and existing partners will help us accelerate the execution of our vision on a global scale.”
HYAS is focused on attacker infrastructure as opposed to individual attackers. Its suite of tools an identify the infrastructure and communication flows used by cyber criminals and fraudsters.
Insights are given to enterprise security operations centre and fraud teams to accelerate investigations and lower the threat and cost of fraud.
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