ThreatQuotient raises $22.5M to accelerate execution of new innovations

2021-04-06 22:45

ThreatQuotient announced it has closed $22.5 million in new financing, including a combination of equity and debt financing.

ThreatQuotient plans to leverage this financing to accelerate execution of new innovations currently in development.

"ThreatQuotient is meeting a critical need for security operations solutions, and we have significant expansion plans to continue this momentum," said John Czupak, President and CEO, ThreatQuotient.

Launched a new Hosted Service of the ThreatQ platform to great reception, comprising over 10% of new bookings.

ThreatQuotient has been recognized for product excellence and industry leadership by several award programs in 2021.

"NEA is confident that ThreatQuotient's continued momentum will lead to further market capture," said Peter Barris, Managing General Partner, NEA. "Since we first invested in ThreatQuotient in 2017, their team has continued to prove to the market that there is a critical need for cybersecurity solutions aimed at security operations."

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