AttackIQ Raises $44M to Expand Breach Simulation Platform

AttackIQ Secures $44 Million in Series C Funding

AttackIQ, a cybersecurity firm specializing in breach and attack simulation, has successfully closed a $44 million Series C funding round. This capital injection will be utilized to accelerate the company’s global reach and market penetration.

Funding Details and Investors

The investment was spearheaded by Atlantic Bridge, Saudi Aramco Energy Ventures (SAEV), and Gaingels. Existing investors, including Index Ventures, Khosla Ventures, Salesforce Ventures, and Telstra Ventures, also contributed to this round.

This latest funding brings the total amount raised by AttackIQ to $79 million since its inception.

Company Overview and Platform Capabilities

Founded in 2013 and headquartered in San Diego, California, AttackIQ delivers an automated platform for security validation. The system simulates real-world attack scenarios to identify vulnerabilities within an organization’s security infrastructure.

This allows businesses to rigorously test and evaluate the effectiveness of their security measures, receiving actionable insights for remediation. Essentially, AttackIQ empowers security teams to proactively anticipate, prepare for, and detect threats before malicious actors can exploit them.

Technology and Framework

AttackIQ’s Security Optimization Platform supports a wide range of operating systems – Windows, Linux, and macOS – and deployment environments, including public, private, and on-premises clouds.

The platform is built upon the MITRE ATT&CK framework, a comprehensive knowledge base detailing adversary tactics and techniques. Several other cybersecurity companies, such as FireEye, Palo Alto Networks, and Cymulate, also leverage this framework for continuous validation services.

Strategic Timing and Expansion Plans

AttackIQ notes that this funding arrives during a period of heightened cybersecurity concerns. The increasing prevalence of ransomware attacks and supply-chain compromises has elevated security to a top priority for organizations globally.

The company has recently bolstered its international expansion efforts through a strategic partnership with technology distributor Westcon.

Board Appointment and Future Growth

The new funds will be channeled towards further international expansion, facilitated by the partnership with Atlantic Bridge. As part of this collaboration, Kevin Dillon, co-founder and managing director of Atlantic Bridge, will join the AttackIQ board of directors.

“AttackIQ has established itself as a category leader with a formidable enterprise customer base that includes four of the Fortune 20,” stated 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.”

CEO Statement and Training Initiatives

Brett Galloway, CEO of AttackIQ, affirmed that the funding round “reaffirms the strength” of the company’s platform and its market position.

Beyond its core platform, AttackIQ also operates the AttackIQ Academy, offering free cybersecurity training at both entry-level and advanced levels. To date, the Academy has registered over 17,200 students across 176 countries.