US-based cybersecurity technology producer RiskIQ closed a $30.5m series C round yesterday that featured MassMutual Ventures, the corporate venturing arm of insurance provider Massachusetts Mutual Life Insurance.
The round was led by venture capital firm Georgian Partners and included fellow VC firms Summit Partners and Battery Ventures.
Founded in 2009, RiskIQ has built a platform featuring a range of security intelligence and applications that help businesses understand and mitigate cyber threats.
The technology combines machine learning and big data with user activity and historical data to continually improve recommendations. The funding will go towards an expansion of RiskIQ’s ecosystem and will allow it to increase sales activities as well as improve the platform.
RiskIQ previously closed a $27.5m series B round raised over two tranches in 2014 that included MassMutual Ventures as well as Battery Ventures, which led the round, Summit Partners and Florence Venture Partners. Summit Partners had previously provided $10m in series A capital for RiskIQ in 2013.