Flashpoint, a US-based risk intelligence software producer backed by media group Bloomberg and networking technology provider Cisco, has secured $34m in debt and equity financing.
The round consisted of $6m in equity funding from unnamed investors and $28m in debt financing from financial services firm Bank of Montreal’s Technology and Innovation Banking unit.
Founded in 2012, Flashpoint offers a risk intelligence platform that helps enterprises combat threats such as fraud on the basis of intelligence data aggregated from a variety of online sources.
Flashpoint Intelligence Platform is compatible with third-party cybersecurity products and can also reach information hosted within communities on the dark web.
The funding will go to innovation and product development, as Flashpoint looks to strengthen data collection, customer acquisition and international customer support.
Growth equity firm Georgian Partners led a $28m series C round for Flashpoint in mid-2017 that included corporate venturing units Bloomberg Beta and Cisco Investments, Leaders Fund, TechOperators, Greycroft Partners and Jump Capital.
Bloomberg Beta and Cisco Investments had already contributed to a $10m series B round the year before that was led by Greycroft and also backed by consulting firm K2 Intelligence, Jump Capital and Leaders Fund.
Flashpoint had previously received $5m in a 2015 series A round led by TechOperators that included Bloomberg Beta, Cisco Investments, K2 Intelligence, Leaders Fund and Jump Capital.