Monday, November 28 2022

Cybersecurity company Inspectiv today announced the closing of an $8.6 million Series A funding round that will accelerate its use of artificial intelligence to revolutionize how businesses safeguard their operations.

Inspectiv is a vulnerability detection platform that combines intelligence from crowdsourced security testing and proprietary vulnerability scanning to help companies continuously identify, remediate, and protect against security threats.

The new Series A funding round, led by StepStone Group with Fika Ventures, Freestyle and Mucker Capital, brings Inspectiv’s total funding to more than $16 million. These investments — including follow-on funding from seed-stage investors — are an endorsement of Inspectiv’s rapid success in the security field and position the platform for its next stage of growth.

The funding will drive Inspectiv’s expanded use of artificial intelligence, building on its global network of thousands of security researchers, to provide businesses a unique depth of vulnerability prevention. As Inspectiv researchers identify new vulnerabilities, the platform incorporates and automates that detection for future monitoring, allowing companies to benefit from the network effect of the large arsenal of highly valuable threats, as well as freeing up researchers to focus on finding more complex and targeted threats.

Inspectiv has expanded its leadership structure to support this next stage of growth.

Ryan Disraeli, co-founder of TeleSign, will move into the role of chief executive officer. Disraeli co-founded TeleSign and helped build the company as CEO to more than $300 million in annual revenue.

Disraeli will work closely with founder and executive chairman Joseph Melika, who continues to spearhead product strategy, drawing on his domain expertise of 20+ years in the field including roles at Viacom and Verizon.

“We have a massive opportunity to fix the disconnect between the vulnerabilities companies discover with the current tools, and the ones that are exploited by bad actors,” Melika said. “Our researcher community is constantly hunting through the perspective of bad actors to provide high impact vulnerabilities without all the noise. And as we scale for the next stage of the company, I couldn’t be more thrilled to partner with Ryan to scale Inspectiv and capitalize on our momentum.”

“I’m thrilled to come on board at a moment of major growth for the company,” Disraeli said. “Inspectiv has a powerful vision to revolutionize how we protect businesses from cyber threats, combining automation with our worldwide team of researchers. We have the funding and leadership team in place to execute that strategy.”

Other key new hires include:

  • Karen Nguyen as Chief Revenue Officer. Karen was most recently VP of Sales at Cobalt, where she helped grow revenue and customer acquisition tenfold, and was previously Director of Enterprise Sales at Upwork.
  • Ray Espinoza as CISO. He was previously VP of Cloud Security at Medallia and CISO at Cobalt, Atmosera and Proofpoint.
  • Ross Hendrickson as VP of Engineering. He was most recently VP of Engineering at Ada and previously the Head of Engineering at Vertex and in senior technical leadership at Workiva.
Joseph Melika, CEO & founder at Inspectiv
Previous

Thrive Acquires Edge Technology Group to Advance Cybersecurity Managed Services

Next

Vector Capital Acquires Majority Ownership of WatchGuard Technologies

Check Also

Widget

Don’t Miss

Cyber Deals: Spin Technology, CyberArk, Mesh Security

James Hu

Cybersecurity Venture Funding and Mergers: This week’s deals involved cloud security services, data privacy, and industrial cybersecurity companies. Funding Cloud cybersecurity firm Mesh Security has secured $4.5 million in venture funding. The round was led by Booster Ventures with participation from other investors. Spin Technology, a firm providing SaaS security solutions, raised $16 million in […]

Cyber Deals: Cybrary, Ping Identity, Axio Global

James Hu

Cybersecurity Venture Funding and Mergers: Key investments were made in cybersecurity training, secure enterprise browser, and risk management companies. M&A activity this week involved identity security, zero trust, and threat intelligence firms. Funding Cybrary, a cybersecurity training platform, raised $25 million in a Series C funding round. The round was led by BuildGroup and Gula […]

Cybrary Secures $25 Million in Series C Funding Round

James Hu

Cybrary, a Maryland-based cybersecurity training platform provider, raised $25 million in a Series C funding round. The round was led by BuildGroup and Gula Tech Adventures, two of its current investors. Following its $15 million Series B round announced in November 2019, this latest investment brings Cybrary’s total funding to date to $48 million. Cybrary […]

Cyber Deals: Exterro, Naoris Protocol, Cybit Sec

James Hu

Cybersecurity Venture Funding and Mergers: This week, notable funding and M&A activity involved compliance, enterprise security, and vulnerability assessment firms. Funding Exterro, a legal governance, risk, and compliance software provider, completed a strategic recapitalization valuing the firm at over $1 billion. The company, currently owned by Leeds Equity Partners, is targeting a potential 2023 initial […]

Cyber Deals: Halborn, Irideos, Anvilogic

James Hu

Cybersecurity Venture Funding and Mergers: This week, cybersecurity venture funding and M&A activity involved blockchain, artificial Intelligence, and SaaS solution providers. Many of these deals will also be funding the future of cloud security. Funding Halborn, a blockchain cybersecurity firm, raised $90 million in a Series A funding round led by Summit Partners with participation […]

Huntress acquires Curricula for $22 million

James Hu

Huntress, a cybersecurity firm providing a security management platform to small and medium sized businesses, has acquired Curricula, a security awareness training service provider, for $22 million. Curricula is a freemium SaaS company offering solutions for employee cybersecurity training. Their methods incorporate behavioral learning techniques and engaging storytelling to maximize employee engagement. Small and medium […]