DULLES, Va., April 29, 2015 /PRNewswire/ -- ThreatQuotient Inc., a cyber security software firm, today announced it raised $1.5 million in a seed round of funding led by Blu Venture Investors, Center for Innovative Technology, and the Virginia Tech Investor Network (VTIN) which includes angel investor Todd Headley, the former Chief Financial Officer at Sourcefire. This initial funding will be used to expand the company's go-to-market reach through both direct and channel partner activities and to further enhance ThreatQ, the company's threat intelligence platform (TIP).
"As cyber attacks continue to escalate across the globe and security teams are challenged to aggregate and distill massive amounts of threat intelligence, security teams require an enabling platform to make faster, better informed decisions on how to best protect themselves," said Wayne Chiang, CEO and co-founder of ThreatQuotient. "We're excited to partner with these leading early-stage investors as we break out of stealth mode and continue delivering on our innovative platform which is fast becoming a core tool for security teams to lean on."
ThreatQuotient was founded in 2013 by Wayne Chiang and Ryan Trost who previously worked at the Security Operations Center (SOC) of one of the largest contractors within the Defense Industrial Base (DIB). They developed ThreatQ, realizing that enterprises need a threat intelligence platform as a way to help security teams streamline the lifecycle of threat intelligence and empower analysts to make better investigation decisions.
"Cyber intrusions have a significant financial impact on enterprises from compliance penalties to brand erosion. As an investor, I was drawn to this opportunity where an innovative technology better enables cybersecurity operations to mitigate the risk of harmful cyber attacks," said Todd Headley, angel investor and former Chief Financial Officer at Sourcefire. "I believe ThreatQuotient's early success and long-term vision positions them to become a market leading solution that can bridge the cyber industry gap between the providers of intelligence and the tools that consume this data."
Headquartered in Northern Virginia and founded in 2013, ThreatQuotient provides ThreatQ, a Threat Intelligence Platform (TIP) that streamlines, correlates and analyzes critical threat intelligence from across the globe, enabling security teams to collaborate and make more informed decisions regarding their security posture. ThreatQ is a central repository for threat intelligence that provides security teams with much-needed contextual information regarding indicators of compromise (IOC), attack tracking and adversary activity. ThreatQ enables cyber security teams to be smarter, quicker and respond faster to adversary activity in minutes, not hours or weeks. Fortune 500 and Global 2000 customers leverage ThreatQ's flexible turnkey solution to minimize adversary dwell time in order to better protect their networks. For more information, please visit: https://www.threatq.com/.
SOURCE ThreatQuotient Inc.