ThreatQuotient, a US-based provider of cybersecurity collaboration technology, completed a $22.5m financing round yesterday that included networking technology provider Cisco’s corporate venturing unit, Cisco Investments.
The round was made up of a combination of debt and equity financing and also featured New Enterprise Associates (NEA), Adams Street Partners, Escalate Capital, Blu Ventures and Gaingels.
Founded in 2013, ThreatQuotient’s software prioritises larger cybersecurity threats, facilitates collaboration across teams and automates processes to help businesses with low budgets utilise them more effectively.
The company had raised almost $54m as of a $30m series C round in 2017 led by Adams Street Partners and backed by Cisco Investments and NTT Docomo Ventures, a subsidiary of mobile network operator NTT Docomo, as well as NEA and Silicon Valley Bank.
NEA, Blu Venture Investors and Centre for Innovative Technology supplied ThreatQuotient’s earlier funding. It raised $7.9m in convertible note financing in July 2019, according to a regulatory filing.
