Less than three months after unveiling its flagship product, Waltham-based cybersecurity startup Randori has raised $20 million in a Series A funding. The round was led by Harmony Partners, with additional participation from existing investors Accomplice, .406 Ventures and Legion Capital.
The two-year-old company develops an attack platform to simulate how a hacker might attack a company’s defense systems. It plans to use the funding to expand its attack platform and grow its engineering, go-to-market and customer success teams.
Founded by former Carbon Black executive Brian Hazzard, Randori emerged from stealth in October 2018 with $9.75 million in seed funding. The company's CTO is David Wolpoff, a former Red Team lead at Virginia-based cybersecurity solutions company Kyrus Technology. One of its advisors is the former assistant secretary for policy at the U.S. Department ofHomeland Security, Stewart Baker.
The cybersecurity industry today is full of startups offering penetration testing (pen testing, for short) and simulated attacks that identify vulnerabilities and tackle threats. What Randori claims to do is slightly different: By launching real attacks, the platform aims to provide real-time insights into how attackers view customers’ environments.
Already, dozens of companies are using the platform, including investment bank Greenhill & Co., the ACLU, the Center for Strategic and International Studies and Carbon Black.
Randori also has offices in Denver, Colorado.
"Now, more than ever, CISOs need security programs capable of anticipating, rather than reacting to, threats," Randori CEO Brian Hazzard said in a statement. "To do that, you first need to understand what's possible. Having experienced a breach at a former company I know the biggest questions security leaders ask are: 'Have we done enough?' and 'Are we ready for the next attack?' With this funding, we will significantly scale our team and deliver on our vision of bringing a trusted adversary to front-line security teams."
