Threatcare, an Austin-based cybersecurity startup that has raised funding from local venture capital firms and is known for its inclusive business practices, has been acquired by Tampa-based security company ReliaQuest.
No financial details were provided. As part of the deal, Threatcare founder and CEO Marcus J. Carey will work with ReliaQuest CTO Joe Partlow on integrating Threatcare's tech into their product line and build out new products. All of Threatcare's employees will join ReliaQuest, and the Austin team will continue growing.
Threatcare, founded in 2014 by Carey, provides cybersecurity attack simulations and has developed an AI-based security assistant for security teams. It has raised $2.1 million from investors, including Firebrand Ventures, Flyover Capital, Moonshots Capital, Techstars and Right Side Capital Management.
It also acquired Savage Security in 2018 for undisclosed terms.
“ReliaQuest is the secret weapon of some of the world’s most trusted brands and is exactly the kind of company I like to be a part of,” Carey said in a news release.
ReliaQuest, founded in 2014 by Brian Murphy, provides cybersecurity model management that helps companies spot gaps in their security programs. It raised a $30 million round from FTV Capital in 2016.
“By combining Threatcare’s attack simulation technologies with GreyMatter, we are enabling better visibility, real-time insights and more control over enterprise security programs," Murphy said in the release.
Threatcare was one of Austin Inno's 2019 Startups to Watch. It also made it to the Elite 8 of this year's Austin Inno Tech Madness competition. It was also a winner in this year's Austin Mosaic Awards, which honor startups with the best diversity and inclusion practices.
