SpyCloud Receives $35M in Growth Financing

SpyCloud, an Austin, TX-based cybersecurity firm whose solutions help organizations investigate and protect against cybercrime, received a $35m growth financing from CIBC Innovation Banking.

The company intends to use the funds to expand its offerings following its Series D raise in August 2023, led by Riverwood Capital.

Founded in 2016, and led by CEO Ted Ross, SpyCloud transforms recaptured darknet data to protect businesses from cyberattacks. Its products operationalize Cybercrime Analytics (C2A) to produce actionable insights that allow enterprises to proactively prevent ransomware and account takeover, safeguard employee and consumer identities, and investigate cybercrime incidents. Its data from breaches, malware-infected devices, and other underground sources also powers many popular dark web monitoring and identity theft protection offerings. Its solutions integrate with Active Directory, Okta, Tines, Splunk, Microsoft Sentinel, and Palo Alto Networks Cortex XSOAR, among other leading identity, incident response, orchestration and directory services tools.