Dulles, Va.-based cybersecurity software startup ThreatQuotient has raised a $1.5 million seed round led by Blu Venture Investors, the state of Virginia’s Center for Innovative Technology (CIT), and the Virginia Tech Investor Network (VTIN). Founded in 2013, ThreatQuotient is the developer of a Threat Intelligence Platform (TIP) that aggregates, organizes and further analyzes critical threat intelligence data. The capital will be used to catalyze the company’s go-to-market reach through what they call both “direct and channel partner activities” and it was also help fund further TIP development.
ThreatQuotient’s TIP is called ThreatQ. The system enables cybersecurity and IT teams to collaborate more easily while giving them the information to make better informed decisions based on the stage and context of a cyberthreat. ThreatQ provides a repository for threat intelligence used to track indicators of compromise (IOC), like malicious malware activity.
Todd Headley, the former Chief Financial Officer at Sourcefire, is an angel investor involved with the VTIN — who assisted in funding the seed raise.
Headley said in a statement, “As an investor I was drawn to this opportunity where an innovative technology better enables cybersecurity operations to mitigate the risk of harmful cyberattacks … I believe ThreatQuotient's early success and long term vision positions them to become a market leading solution that can bridge the cyber industry gap between the providers of intelligence and the tools that consume this data.”
Several of the startup’s investors this round are heavily connected to the Mach37 program, who's campus is based out of Virginia’s CIT. Vienna, Va.-based Blue Venture Investors is an active local venture capital firm, which has participated in early financial rounds for McLean-based ID.me, Sterling-based urgent.ly and Reston-based Avizia. Principal at Blu Venture Investors Steven Chen is on the board of directors for ThreatQuotient and is the founder of PFP Cybersecurity as well as a mentor for the Mach37 cybersecurity accelerator program.
“As cyber attacks continue to escalate across the globe and security teams are challenged to aggregate and distill massive amounts of threat intelligence these security teams require an enabling platform to make faster, better informed decisions on how to best protect themselves,” said Wayne Chiang, CEO and co-founder of ThreatQuotient, in a statement. “We’re excited to partner with these leading early-stage investors as we breakout of stealth mode and continue delivering on our innovative platform which is fast becoming a core tool for security teams to lean on.”
