Reston, Va.-based cybersecurity company ThreatQuotient announced on Tuesday that the company has secured $12 million in Series B funding. The round was lead by New Enterprise Associates. As part of the deal, NEA Managing General Partner Peter Barris will join the ThreatQuotient board.
The three-year-old startup is the purveyor of ThreatQ, a threat intelligence platform that helps cyber analysts be better at their jobs. As a press release puts it, “ThreatQ provides the context, customization and collaboration required to accelerate the transformation of threat data into actionable threat intelligence, while giving analysts control over the process.”
The new capital is bookmarked to be used in further product development as well as scaling global expansion. “This increased investment … will allow us to stay at the forefront of innovative threat intelligence solutions,” John Czupak, ThreatQuotient president and CEO, said in a statement.
ThreatQuotient has been steadily successful in raising money and recognition in recent months. In December the company secured a $10.2 million Series A, and in March the startup won “Security Start Up of the Year” at the cybersecurity-focused RSA Conference.
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