Posted on 12/22/15 by Cara O'Donnell
Arlington-based ThreatConnect, Inc, known as the leading provider of advanced threat intelligence products and services, recently announced it closed a Series B Funding round in excess of $16 Million. SAP National Security Services, Inc.® (SAP NS2®), subsidiary of the leading global enterprise software company SAP, led the round. Grotech, the lead investor in ThreatConnect’s Series A, also participated in this round along with other strategic investors. Due to specific need and demand within the industry, ThreatConnect will use this significant investment to increase its market penetration globally.
The new funding round means expansion for the company. In fact, ThreatConnect has more than doubled its employees in the last year. To accommodate that growth and strategically plan for the future, ThreatConnect moved its headquarters from Shirlington to Arlington's Ballston neighborhood. According to ThreatConnect, it was a strategic move for a number of reasons. ThreatConnect’s employees currently live in a wide variety of areas within the DMV, and Arlington is both accessible by metro and via various highways. Compared to DC offices, it is more affordable and much easier to get to Arlington. Most importantly, it is a booming area that is attractive to top candidates. ThreatConnect employees are looking forward to growing the company in their new location in Arlington.
“From our very first days, the vision has been to build a platform that gives security operations a long overdue seat at the executive table,” said Adam Vincent, CEO for ThreatConnect. “We started by building something for analysts, designed by analysts while keeping in mind that management, the C-suite, and board also needed a solution. Now, thanks to investment and partnership with SAP NS2, we will be demonstrating to Fortune 2500 organizations and large government agencies the difference an enterprise approach to cyber security can make.”Topic: BIG Update