Led by Atlantic Bridge, the investment also included new investors Saudi Aramco Energy Ventures (SAEV) and Gaingels, with participation from existing investors Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures.
July 13, 2021 – AttackIQ®, the leading independent vendor of Breach and Attack Simulation (BAS) systems, today announced a $44 million Series C funding round led by Atlantic Bridge. Saudi Aramco Energy Ventures (SAEV) and Gaingels also joined existing investors Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures, bringing the total funding to approximately $79 million. The company announced that Kevin Dillon, Co-Founder and Managing Partner at Atlantic Bridge, has also joined the AttackIQ Board of Directors.
The new funding comes at a dynamic time for the company, which has recently accelerated its international expansion efforts throughout Europe, the Middle East and Africa (EMEA), as well as the Asia Pacific and Japan (APJ) regions. AttackIQ’s strategic expansion in the regions includes a partnership with the leading global distributor of business technology, Westcon, which provides access to an extensive network of reseller partners. The company’s partnership with Atlantic Bridge will fuel continued international growth in both large private and public organizations.
“AttackIQ has established itself as a category leader with a formidable enterprise customer base that includes four of the Fortune 20,” said Dillon. “We believe deeply in the company’s vision and potential to become the next billion-dollar cybersecurity software company and look forward to helping the company turn early traction in Europe and the Middle East into robust, long-term expansion.”
“Cybersecurity has become a strategic discipline for large organizations as the pressure on security professionals increased dramatically in the wake of COVID-19, and even more in the recent supply chain and ransomware breaches,” said Mahdi Aladel, CEO at Aramco Ventures. “The ability to proactively identify and resolve security gaps using breach and attack simulation was recently featured in Gartner’s list of the top 2021 security and risk management trends. We are delighted to partner with AttackIQ to scale these solutions in the market.”
“This investment reaffirms the strength of AttackIQ’s Security Optimization Platform, which leverages the MITRE ATT&CK framework to help organizations validate the effectiveness of their security controls safely, continuously, at scale, and across the kill chain,” said Brett Galloway, the CEO of AttackIQ. “The key question every CISO must answer is, ‘Are we ready for the next attack?’ AttackIQ lets CISOs assure the effectiveness and efficiency of their security programs.”
AttackIQ is deeply committed to giving back to the global cybersecurity community. With more than 17,300 registered students to date in 176 countries, AttackIQ Academy provides free entry-level and advanced cybersecurity training and hands-on cyberrange labs, so CISOs can keep their teams knowledgeable on the latest cybersecurity attack methods and defense strategies.
AttackIQ, the leading independent vendor of breach and attack simulation solutions, built the industry’s first Security Optimization Platform for continuous security control validation and improving security program effectiveness and efficiency. AttackIQ is trusted by leading organizations worldwide to plan security improvements and verify that cyberdefenses work as expected, aligned with the MITRE ATT&CK framework. The Company is committed to giving back to the cybersecurity community through its free AttackIQ Academy, open Preactive Security Exchange, and partnership with the MITRE Engenuity. For more information, visit www.attackiq.com. Follow AttackIQ on Twitter, Facebook, LinkedIn, and YouTube.
About Atlantic Bridge
Atlantic Bridge is a global technology investment firm with over €1.2 billion of assets under management across seven funds, investing in deep tech companies in Europe and the U.S. Atlantic Bridge supports portfolio companies such as Caption Health, Elisity, Striim, SambaNova Systems and Vectra.ai in scaling internationally with a global investment team and offices across London, Palo Alto, Dublin, Munich and Paris. For more information visit http://www.abven.com.
About Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Aramco, the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV’s mission is to invest globally in start-up and high growth companies with technologies of strategic importance to its parent company Aramco. https://saev.com/
Gaingels is the largest investor network focused on supporting and investing in diversity in leadership in the venture capital ecosystem. Its mission is to help create a more diverse, equitable and accessible venture ecosystem through profitable investment and active involvement in the best venture backed companies resolved on building inclusive teams. With over $300,000,000 deployed into a portfolio of over 500 companies since 2018, Gaingels is also the co-founder of Mathison.io and provides an internal at-cost diverse board member/observer recruitment advisory for our portfolio companies. Gaingels invests in diverse and underrepresented founders and teams, as well as in companies that commit to engage Gaingels’s help in rounding out their diversity commitment. While representing a diverse group of investors in the ecosystem, Gaingels is also a founding co-signer of the Diversity Term Sheet Rider Initiative to increase access to venture funding events for other non-traditional check writers, and regularly co-invests with select VC leads across a variety of sectors, from technology, to B2B, healthcare and consumer, in competitive and over-subscribed rounds from Seed to Growth/pre-IPO. For more information visit www.gaingels.com.