SpyCloud, a start-up that specializes in operationalizing identity analytics to automate the protection of digital identities, closed a $110 million growth round primary and secondary capital led by Riverwood Capital.
SpyCloud analyzes data from the criminal underground and automates the remediation of exposed authentication and identity data. Its platform identifies and remediates stolen employee and consumer session cookies, credentials, and emerging forms of authentication data being actively used by criminals to target enterprises, their customers, and their supply chains.
The company says its adds value to IAM, identity threat detection and response, endpoint protection, and zero trust frameworks. Its latest solution, SpyCloud Compass, enables Post-Infection Remediation of malware exposures, including the compromised assets most likely to lead to ransomware attacks.
“For the last seven years, we have proven that reacting quickly to identity and authentication exposures is the crucial factor in stopping the cycle of cybercrime,” said Ted Ross, SpyCloud CEO and Co-Founder. “As authentication methods improve, businesses need to adjust their defenses to keep up with criminals’ new behavior. SpyCloud allows you to do just that – and we will continue to illuminate and resolve the most critical risks facing security teams today, stopping attacks they haven’t been able to see coming.”
