US-based cybersecurity technology producer AttackIQ closed a $8.8m series A round yesterday that included Qualcomm Ventures and Telstra Ventures, the respective investment units of chip maker Qualcomm and telecoms firm Telstra.
Venture capital firm Index Ventures also contributed capital to the round.
Founded in 2014, AttackIQ has built a platform, dubbed FireDrill, that lets enterprise users test and analyse the effectiveness of cybersecurity procedures. The company emerged from stealth in July 2016.
The money will be used to boost partner, sales and marketing activities, hire additional engineering staff and increase strategic services.
Mark Sherman, managing director of Telstra Ventures, said: “The rise of digital business has increased cybersecurity risk for companies of all sizes, which makes risks and security management an increasingly important task.
“The AttackIQ FireDrill platform makes managing cybersecurity risk easier and more cost-effective allowing companies to continuously test and validate their security infrastructure.”