4iQ, the US-based cybersecurity intelligence provider that counts telecommunications firm Telefónica as an investor, received $30m in series C funding yesterday.
The round was co-led by cybersecurity-focused venture fund ForgePoint Capital and VC firm Benhamou Global Ventures and included C5 Capital, Adara Ventures and TheVentureCity.
4iQ’s IDLake software platform catalogues billions of identity records recovered from data breaches and open source leaks to help security researchers, analysts and criminal investigators study and manage cybersecurity risks.
The series C round was disclosed alongside the appointment of Kailash Ambwani as 4iQ’s CEO. He said: “4iQ is at the forefront of understanding modern digital risk and I am elated to lead the company toward its vision to help every company operationalise that understanding, stop fraud and crime, and make people safer.
“It is no longer enough to keep your own house in order. Exposed credentials continue to proliferate in underground communities, especially in the wake of covid-19, and so, now more than ever, we must empower investigators to uncover the real identities behind criminal activities and thwart future attacks.”
Trident Capital Cybersecurity led the company’s $14m series A round in 2016, investing alongside Telefónica subsidiary Telefónica Ventures and existing backer Adara Ventures. It added a further $18m in a series B round led by C5 Capital in late 2018.
