Sixgill closes an investment from fellow cybersecurity company

Threat intelligence company Sixgill closes an undisclosed investment from fellow cybersecurity company CrowdStrike.

Following the close of the deal, the companies will pursue initiatives to offer joint customers enhanced threat intelligence capabilities.

Sixgill develops collection and threat intelligence products, with tools including real-time incident response, data-driven investigations and dynamic threat analysis. Its goal is to help security teams accelerate their operations and tackle the rise of malicious hacks.

CrowdStrike chief technology officer Michael Sentonas said, “The security industry continues to undergo a huge transformation as legacy vendors with on-premises and hybrid solutions are forced into extinction by remote workforces and cloud applications. We’re focused on identifying those startups that are defining modern cybersecurity by enhancing how enterprises stay ahead of emerging sophisticated threats.

“Sixgill’s automated data collection and analysis provide deep and accurate threat intelligence, delivering context to drive preemptive security responses that stop breaches in their tracks.”

The investment capital was supplied through the CrowdStrike Falcon Fund, an early stage investment fund in partnership with Accel Partners.

RegTech Analyst recently reported CrowdStrike’s shares had surged following the impact Covid-19 has had on cybersecurity. With remote working being essential for many people, CrowdStrike has seen its operations increase and to $98.10, just shy of its record high.

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