SOURCE: Risk I/O

Risk I/O

October 14, 2014 08:00 ET

Risk I/O Extends Series A to Capitalize on Momentum

New Financing Highlights Demand for Data-Driven Security Intelligence

CHICAGO, IL--(Marketwired - Oct 14, 2014) - Risk I/O, the leading vulnerability threat management platform, announced today that it has raised an additional $4 million as part of its Series A financing round, bringing the company's total capital raised to $10.5 million. The financing was led by existing investor Costanoa Venture Capital, with participation from current investors U.S. Venture Partners (USVP), Tugboat Ventures and Hyde Park Angels. Neill Occhiogrosso, Partner at Costanoa Venture Capital, will join the company's board of directors.

Risk I/O will use the financing to expand sales and marketing efforts to meet demand from organizations that require better visibility into where they are most susceptible to cyber attack.

"Security is one of the biggest generators of data in the enterprise, yet CISOs have very few tools to help them understand and make use of that data. Heartbleed and Shellshock offer sobering examples of how widespread and potentially devastating a single vulnerability can be, yet it is incredibly difficult for any security team to identify and address every vulnerability that comes into their organization," said Risk I/O CEO, Karim Toubba. "Risk I/O tackles this data challenge head on. It would take 475,000 security analysts to process as much security data as Risk I/O does in a single day. By connecting the dots between vulnerability data, threat and attack data, we are able to give companies a clear view of where they are most likely to be attacked so they can prioritize remediation quickly and efficiently."

Risk I/O processes over 2.5 billion security vulnerabilities each day via its SaaS analytics platform, matching vulnerability scan data with Internet breach traffic from threat intelligence feeds from Dell, Verisign, AlienVault and others, to prioritize the vulnerabilities that pose the greatest threat to a company's environment and predict where an attack is most likely to occur.

The new financing comes on the heels of a record year for Risk I/O. The company has tripled its year-over-year bookings and its customer base has grown exponentially year-over-year. Additionally, the company expanded its technology offering with the introduction of two new features, Threat Trends and Risk Meter. Threat Trends delivers visualization and analysis of the volume of cyber attacks happening in real-time, while Risk Meter provides real-time view of the vulnerability and exploit risk a group of assets poses to an organization. The company also recently announced a robust integration with Dell Secureworks, which has exponentially increased the company's growing customer base.

"We look for companies that are building data-driven applications using machine learning and predictive analytics to tackle a significant technical or business problem, and Risk I/O is a great example of that kind of company," said Occhiogrosso. "Risk I/O offers unprecedented visibility into an organization's risk posture and the ability to foresee potential attack. The power of the analytics platform has led to its rapid adoption by Fortune 100 companies and more."

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About Risk I/O
Risk I/O is a vulnerability threat management platform that processes external Internet breach data, exploit data and zero-day threat intelligence with internal vulnerability scan data to monitor, measure and prioritize vulnerability remediation across an organization's IT environment. As a result, security professionals know their likelihood of experiencing a breach and what vulnerabilities pose the greatest risk now and over time. Risk I/O processes over two billion vulnerabilities a day against Internet breach data for its users and has formed strategic partnerships with threat intelligence providers such as Dell SecureWorks, Verisign iDefense, AlienVault and 6Scan. Backed by US Venture Partners, Tugboat Ventures, Costanoa Venture Capital, and Hyde Park Angels, Risk I/O is headquartered in Chicago, IL. Visit https://www.risk.io.

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