4iQ announced closing a $30 million funding round.

Spain United States Investments 20 October 2020
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4iQ, a Madrid, Spain-based provider of cyber-security solutions, announced that it secured $30 million in capital funding.

The deal is part of a $30 million equity raise led by ForgePoint Capital and Benhamou Global Ventures, with participation by C5 Capital, Adara Ventures and The Venture City. Proceeds will be used  to ramp investments in go-to-market activities and accelerate innovation.

4iQ, founded by Julio Casal and led by the newly appointed CEO Kailash Ambwani, is an identity-focused cyber intelligence company that has indexed billions of exposed identities by scanning documents in 26 different languages across search engines and social media.

The company's product, 4iQ IDLake, archives more than 45 billion identity records collected from data breaches and leaks found in open sources, on the surface, social and deep and dark web. It powers 4iQ IDHunt, an identity intelligence and attribution analysis solution used by Fraud Investigation Units, Anti-Money Laundering and Financial Crime Intel Units, and advanced Security Operations Centers.

The 4iQ IDLake also powers 4iQ IDTheft, used by some of the largest Identity Theft Protection service providers, security vendors and Enterprises to alert millions of consumers of exposed personal information, prevent account takeover and identity theft.

Prior to this round, 4iQ raised $18 million from C5 Capital.