HYAS, a provider of attribution intelligence software for infosec and cybersecurity teams, has scored $2m in new debt financing.
The equity was deployed by Silicon Valley Bank and will be used to evolve HYAS’ Comox attribution intelligence engine into a holistic platform. In doing this, the solution will be able to let enterprises better analyse threat data, mitigate attacks, and track hackers to their locations.
Canada-based HYAS supplies infosec and cybersecurity professionals with attribution intelligence solutions to better identify threats and the criminals making the attacks. The online detection, analysis and investigation tools are powered by datasets which contain billions of data points, with millions more added daily, the company claims.
Its Comox attribution solution provides clients with access to these threat indicators and enable searching and cross-refencing to improve accuracy of findings.
The company is looking to grow its offerings over the next quarter to include a cloud-based tool which will give early warnings of global attacks all in real-time.
HYAS COO Jeff Spencer said, “Silicon Valley Bank’s support builds on our successful Series A and allows us to aggressively expand the Comox platform through our incredibly talented pool of developers.
“Over the past quarter alone, we’ve hit the critical development milestones that will allow organizations to predictively block bad actor infrastructure before it’s had the chance to do bad things. They’ll be able to prepare for and mitigate the biggest threats to their operations.”
This credit facility comes just months after the company closed a $6.2m Series A round. M12, Startup Capital Ventures, 205 Capital, and Wesley Clover were among the investors to back the round which was raised to develop new products.
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