March 8, 2023, MIDDLETOWN, Del. — A leader in venture financing for B2B digital businesses, Investor 212, has invested USD 5 million in SOCRadar, one of the world’s fastest-growing cyber security companies.
Three different cybersecurity services are combined into a single Cloud-based platform by SOCRadar, which has its US headquarters in Delaware and offers Extended Threat Intelligence (XTI). The technology of SOCRadar provides a digital risk management, external attack surface management, and cyber threat intelligence early warning system against cyber attacks. The SOCRadar free edition provides quality cyber threat analytics to over 6000 enterprises in 150 countries.
Huzeyfe Onal, CEO and co-founder of SOCRadar, stated that the company aims to assist enterprises worldwide in taking preventative steps against cyber attacks. “We think that the combination of external attack surface management (EASM), digital risk protection (DRPS), and actionable, contextualized cyber threat data is crucial for thwarting cyberattacks. This contribution will help our efforts to create a more democratic environment for cyber threat intelligence.”
The investment by 212 is a sign of the company’s faith in SOCRadar’s mission, capabilities, and cutting-edge approach to threat intelligence.
Numan Numan, a founding partner, said: “At 212, we collaborate with individuals who are motivated by a clear global vision and has the expertise and abilities to accomplish that goal. We have been continually awed by the SOCRadar team’s capacity for development and unwavering commitment to their purpose. We are eager to accompany them in their quest to establish themselves in the world of cybersecurity.”
In order to make sure that data protection is available and affordable for businesses of all sizes, the $5M in capital will be used to build the firm in the United States and extend global sales and marketing activities. As the cyber threat scenario changes, a sizeable portion of the investment is also being utilized to finance research activities to develop and improve product offerings.
One of the world’s fastest-growing SaaS cyber security businesses, SOCRadar was established in 2019. As the creator of the Extended Threat Intelligence concept, SOCRadar combines three different services into a unified Cloud-based platform that offers a threat intelligence-enhanced early warning system for cyberthreats and Digital Risk Protection and External Attack Surface Management. SOCRadar enables enterprises to get the most out of their SOC teams by providing false-positive, accessible, usable, and contextualized threat intelligence. The SOCRadar free edition provides quality cyber threat analytics to more than 6000 enterprises in 150 countries.
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