Recorded Future secures $25M from Insight Venture Partners to consolidate its position in threat intelligence.
Recorded Future, a Gothenburg, Sweden and Boston, USA-based company providing threat intelligence services (TI), announced it has raised $25M in a Series E round of funding.
The money comes from a group of investors led by Insight Venture Partners, and will be used to support the growing efforts and expand its innovative software product and services to solve a wider spectrum of cybersecurity challenges as it continues its commitment to machine learning-based threat intelligence and cutting-edge research.
In addition to financial investment, Insight Venture Partners, investors in leading security companies like Cylance, DarkTrace, and Firemon, brings rich industry expertise to Recorded Future.
Recorded Future, founded in 2009 by Christopher Ahlberg (CEO) and Staffan Truve, provides software-as-a-service (SaaS) threat intelligence product to deliver automated, contextual, and relevant intelligence for empowering security teams to defeat cyber threats.
The compnay developed technology that collects applicable threat intelligence from open, technical, and dark web sources in real time and delivers targeted analytics and alerts to dramatically improve business decisions, operational efficiency, and strengthen network defense.
Prior to this deal, Recorded Future closed more than $30M in funding from investors including Balderton, GV, In-Q-Tel and IA Ventures.