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Home News

SOCRadar Raises $25.2M in Series B Funding

May 22, 2024
Reading Time: 2 mins read
in News
SOCRadar Raises $25.2M in Series B Funding

SOCRadar, a leading provider of enterprise-grade threat intelligence and brand protection solutions, has successfully closed a Series B funding round, raising $25.2 million. The funding round was led by PeakSpan Capital, a prominent venture capital firm, with participation from Oxx, reinforcing investor confidence in SOCRadar’s innovative cybersecurity offerings.

Led by CEO Huzeyfe Onal, SOCRadar is committed to empowering organizations with proactive defense capabilities against cyber threats. The company’s flagship Extended Threat Intelligence (XTI) platform offers a comprehensive suite of products, including cyber threat intelligence, external attack surface management, brand protection, dark web monitoring, and supply chain threat intelligence. With a focus on artificial intelligence and machine learning, SOCRadar enhances threat detection and delivers actionable intelligence to its clients.

The infusion of funds will enable SOCRadar to accelerate its growth initiatives, particularly in key areas such as global sales infrastructure, product innovation, and the development of AI-enabled workflows. With over 25,000 freemium customers across 150+ countries and a growing base of active paid customers and channel partners, SOCRadar is poised to further solidify its position as a leader in the cybersecurity industry.

Reference:
  • SOCRadar Secures $25.2M to Expand Cybersecurity Offerings
Tags: Cyber NewsCyber News 2024Cyber threatsCybersecurityMay 2024PeakSpan CapitalSOCRadarsupply chainThreat Intelligence
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