US-based internet indexing company Qadium has closed a $20m series A round building on seed funding by Defense Advanced Research Projects Agency (Darpa), the Pentagon’s innovation and research arm.
Venture capital firm New Enterprise Associates led the round, with angel investor Peter Thiel, through Founders Fund, and other existing, unnamed investors also taking part.
Qadium’s technology indexes every device on the public internet, logs and identifies which devices are running where. The data is then used to build network graphs that indicate any relationships between the devices, helping governments and corporations improve cybersecurity.
The company will use the funding to scale its core business, including a continual increase of the rate customers receive their event messages.
The technology is used by a range of sectors, such financial services, insurance, healthcare, defence, auditing and consulting, and retail. Users view results using a software tool called Expander.
In August 2015, Qadium raised $6m in a seed round led by Founders Fund, with O’Reilly AlphaTech Ventures, the investment arm of media company O’Reilly Media, Susa Ventures and assorted angel investors also taking part.
– This article first appeared on our sister site Global Government Venturing.