UPDATED 13:31 EDT / NOVEMBER 10 2016

APPS

RiskIQ raises $30.5M to help enterprise security teams find vulnerabilities

As the historic breach of JPMorgan Chase & Co. in 2014 demonstrated, even one overlooked server or vulnerability can have disastrous consequences.

To fill the gaps in their understanding of the threat landscape, companies are turning to security assessment providers such as RiskIQ Inc., which nabbed a $30.5 million investment today led by Canadian venture capital firm Georgian Partners to meet the demand. The round comes hot on the heels of the startup announcing an 80 percent surge in demand for its vulnerability mitigation toolkit, a collection of about a half-dozen services designed designed to help network protection professionals find hidden flaws in their companies’ cyber defenses.

The cornerstone of RiskIQ’s value proposition is Enterprise Digital Footprint, a security auditing engine that can automatically map out an organization’s externally-accessible infrastructure. This includes everything from website content to nameservers, IP addresses and even assets kept outside the firewall that the IT department may not be aware of. Once the scan is complete, the tool’s algorithms use the data to provide a view of the available attack surface as it’s perceived by potential hackers.

RiskIQ says that the information from its its service helps companies strengthen their security postures and make more informed decisions when it comes to deploying new infrastructure. Organizations that want to adopt a proactive approach to fighting attacks, meanwhile, can use the startup’s complementary PassiveTotal offering to gain a better view of hacker activity. The service, which is the main driver behind the 80 percent growth that RiskIQ saw in the first half of this year, identifies botnets and other malicious infrastructure around the world that may pose a threat.

RiskIQ claims that its tools have been adopted by some 13,000 network professionals to date at more than 200 companies. The startup’s rapid growth is part of a broader trend for security intelligence providers that previously saw New York’s SecurityScorecard Inc. raise $20 million in funding.

Image via RiskIQ

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