AttackIQ raises $44M in Series C from Atlantic Bridge

SaaS News -Breach-simulation-startup-AttackIQ-raises-$44M-to-fuel-expansion(source: SaaS Industry)
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AttackIQ raises $44M in Series C from Atlantic Bridge to continue its strategic international expansion, growth and vision of security optimization. Its total funding has now crossed $79 million

San Diego-based AttackIQ, a security optimization platform and a Breach and Attack Simulation (BAS) system vendor, has raised $44 million in a Series C funding round led by Atlantic Bridge, taking its total funding raised to over $79 million.

Other and existing investors – Saudi Aramco Energy Ventures (SAEV) and Gaingels also joined existing investors Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures- participated in the funding round. In a press release, AttackIQ stated that it would continue its international growth in private and public organizations with Atlantic’s backing.

AttackIQ, founded in 2013, provides an automated validation platform, enabling organizations to test and measure the effectiveness of their security posture. Its security optimization platform offers continuous security control validation and improves security program effectiveness and efficiency for organizations. The company also provides free entry-level, advanced cybersecurity training and hands-on cyberrange labs to help security officers keep up with updates on the latest cyber threats, attacks and defense strategies.

Brett Galloway, CEO of AttackIQ, stated that the investment reaffirms the company’s security optimization platform that helps organizations validate the effectiveness of their security controls and added, 

The key question every Chief Information Security Officers (CISO) must answer is, ‘Are we ready for the next attack?’ AttackIQ lets CISOs assure the effectiveness and efficiency of their security programs.

Brett Galloway, CEO of AttackIQ

The company said that the new funding comes amid its international expansion efforts throughout Europe, the Middle East and Africa (EMEA), Asia Pacific and Japan. AttackIQ’s strategic expansion involves a partnership with Westcon, a global distributor of business technology. 

Commenting on the funding, Mahdi Aladel, CEO of Aramco Ventures, stated that cybersecurity had become a strategic discipline for large organizations as the pressure on security professionals increased dramatically due to the pandemic and recent supply chain and ransomware breaches. Stressing the necessity to identify and resolve breaches, Mr. Aladel added,

The ability to proactively identify and resolve security gaps using breach and attack simulation was recently featured in Gartner’s list of the top security and risk management trends, 2021. We are delighted to partner with AttackIQ to scale these solutions in the market.

Mahdi Aladel, CEO of Aramco Ventures
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