Recorded Future, a US-based cybersecurity technology provider backed by corporates RELX, Massachusetts Mutual Life Insurance and Alphabet, secured $25m in a series E round led by Insight Venture Partners on Tuesday.
The company has not named any additional investors in the round, which increased its overall funding to $57.9m to date.
Recorded Future has developed machine learning technology that collects data from across the internet to help flag up and contextualise potential cyber threats in real time.
The software can monitor the dark web, a part of the internet that requires special software to access and where illegal content is often hidden. The company targets clients such as government agencies, financial institutions and technology firms.
The funding will be used to expand Recorded Future’s business globally and for further R&D activities that will include steps in machine learning technology.
REV, the corporate venturing unit of data analytics service provider RELX then known as Reed Elsevier Ventures, led the company’s $12m series D round in 2015, which included GV, a subsidiary of internet technology group Alphabet; MassMutual Ventures, part of insurer Massachusetts Mutual Life Insurance; IA Ventures, In-Q-Tel and Balderton Capital.
GV and Balderton had supplied $12m in series C capital for Recorded Future in 2012, two years after In-Q-Tel had joined GV, IA Ventures and Atlas Venture for a $6.7m series B round.
In-Q-Tel, the venture capital vehicle for the US intelligence community, had already backed the company’s $2.2m series A round alongside Alphabet and IA Ventures in 2009.
– The original version of this article appeared on our sister site, Global Government Venturing.