Security News > 2020 > August > Anti-Fraud Platform Provider SpyCloud Raises $30 Million
Anti-fraud platform provider SpyCloud on Tuesday announced that it raised $30 million in a Series C funding round.
Founded in 2016 in Austin, Texas, SpyCloud offers a platform designed to fuel solutions that prevent account takeover and which enable fraud investigations.
SpyCloud aims to provide organizations with support in preventing account takeover through identifying exposed employee and customer accounts and through automating remediation before attacks occur.
The company combines its curation platform with human intelligence to maintain a large database of compromised assets that organizations worldwide can leverage to prevent fraud and protect employees and customers.
"Criminals work together to steal information and find creative ways to monetize it. As a result, even the most careful and sophisticated organizations are vulnerable," said Ted Ross, SpyCloud CEO and co-founder.