Spec’s $15m funding boost to counter AI-powered cyberattacks


Spec, a front-runner in the cybersecurity sector, has made an exhilarating announcement concerning its recent financial strides.

The firm has successfully wrapped up its Series A funding round, amassing a commendable $15m. This significant investment was orchestrated by SignalFire and saw substantial participation from both Legion Capital and Rally Ventures.

Established during the early pandemic days as a mere “hello world” prototype, Spec has transformed dramatically. Today, the firm’s platform diligently screens the entire customer journey, marking threats and pinpointing attacks. It then engages in deploying active defensive strategies, primarily focusing on countering AI-empowered tools that could jeopardise online enterprises.

The influx of this funding is anticipated to bolster Spec’s trajectory of growth and inventive breakthroughs.

From its foundational phase, Spec has shown commendable progress, safeguarding enterprises that process billions through online transactions.

Spec co-founder and CEO Nate Kharrl remarked, “I’m excited about our continued partnership with SignalFire, who led this funding round. The firm’s deep expertise in cybersecurity and AI at enterprise scale is a perfect match for our mission. We’re equally grateful for the continued support from Legion Capital and Rally Ventures, whose insights and experience are invaluable.”

Kharrl extended his appreciation towards all contributors to Spec’s journey, emphasising the essence of trust and support in the company’s achievements. He added, “I’m proud of what this team has accomplished. I’m also grateful for the support of the enterprise customers that helped us grow our platform into what it is today, bolstered by the incredible support and guidance of our board and investors. We’re excited to forge ahead on our mission to protect customer journeys against a landscape of evolving threats.”

Copyright © 2023 RegTech Analyst

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.