Security News > 2021 > June > Recorded Future Unveils $20M Threat-Intel Investment Fund
The Recorded Future co-founder and CEO this week unveiled The Intelligence Fund, an in-house initiative that sets aside $20 million to invest in seed-stage and Series A startups in the nascent threat-intelligence space.
Flush with cash from its own $780 million sale to private equity firm Insight Partners, Ahlberg says Recorded Future wants to make early bets on entrepreneurs taking new approaches to collecting and parsing data to feed into security intelligence tools.
"There is an opportunity here to build a significant threat-intel company but we need to have access to the best data sets, the best ideas around turning that data into new applications. We have to invest early in these ideas," he said.
Recorded Future eventually bought Gemini Advisory in a $52 million deal that provided access to financial services and payment processing markets.
"We are in a sweet spot to do small investments, in the $1 million to $2 million range," Ahlberg said, noting that he's open to joining venture capital funding rounds led by other investment groups.
Together with co-founder Staffan Truvé, Ahlberg launched Recorded Future in 2009 with initial funding from Google and In-Q-Tel, building out an early-warning system for data found on the darkweb and morphing into a threat-intel data broker for a wide range of organizations.