US-based business risk intelligence platform Flashpoint closed a $28m series C round yesterday backed by Bloomberg Beta and Cisco Investments, subsidiaries of media company Bloomberg and networking technology producer Cisco.
Growth equity firm Georgian Partners led the round, which also included existing investors Greycroft Partners, TechOperators, Leaders Fund and Jump Capital.
Flashpoint has developed software that helps enterprises detect, understand and address specific risks to their businesses.
Clients can access contextual intelligence reports covering areas such as cybercrime and physical threats, and can also search the deep and dark web safely.
The funding will enable Flashpoint, which moved into the Asia Pacific and Europe and Middle East regions earlier this year, to make its product a fully global offering.
TechOperators led the company’s $5m series A round in 2015, which also featured Bloomberg Beta, Cisco Investments, consulting firm K2 Intelligence and Greycroft Partners.
Flashpoint then closed a $10m series B round in July 2016 that was led by Greycroft and backed by Bloomberg Beta, Cisco Investments, K2 Intelligence, Jump Capital and Leaders Fund.