The cybersecurity company was founded in 2016, and to date, it has raised USD 58.5 million, according to Crunchbase. Centana Growth Partners led SpyCloud’s Series C investment, with participation from all existing investors: M12, Altos Ventures, Silverton Partners, and March Capital Partners. SpyCloud plans to use the funds raised to expand its product and engineering teams and build new ways to detect and prevent fraud.
SpyCloud’s anti-fraud platform specialises in preventing account takeover by criminals, and its software can find vulnerabilities in a company’s computer system before cybercriminals can strike. The software flags employees and customer accounts that have security issues early on. And the company checks to make sure the accounts have not been exposed and passwords are secure.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.