Cyberattacks keep making headlines. No wonder investors keep finding security startups to back.
Today, ThreatStream is showing off its new funding, a $4 million round led by Google Ventures. Paladin Capital Group, Cloudera chief executive Tom Reilly, and former ArcSight chief executive Hugh Njemanze also participated in the round.
ThreatStream has devised a system called Optic to scour the Internet for information on potential threats — in the form of files, IP addresses, and so on — and spot connections among them all. It can run in a company’s on-premises data center, or it can run in a public cloud on a limited basis free of charge, according to an email from ThreatStream.
Based in Redwood City, Calif., the startup is looking to sell its service to enterprises and governments. At least some of them should be receptive to ThreatStream’s offering, given the regular flow of news about hefty security breaches.
Amid all that, several startups trying to help big companies use cloud services securely have been getting funding. Elastica and FireLayers both announced new rounds this week, and we hear there’s more news in this vein coming soon.
ThreatStream is doing something different from those startups, although it does share with them the intent to protect businesses’ data and operations.
ThreatStream faces competition from vendors like Symantec, Verisign, and iSIGHT Partners. In September iSIGHT disclosed more than $9.3 million in new funding.
As for ThreatStream, it has raised $4.3 million to date. It has 16 employees and just under 20 customers, a spokesman wrote in an email to VentureBeat.
Google Ventures is the venture capital investment arm of Google Inc. that makes financially driven investments in technology companies. Google Ventures seeks to invest in start-up companies ... All Google Ventures news »
Threat Stream is a SaaS provider of cyber threat intelligence. Their products focus around mining, normalization, integration and validation of threat data. By creating an open API, Threat S... All ThreatStream news »
Reilly is Cloudera CEO. Prior to Cloudera, he was from HP vice president and general manager of enterprise security. Prior to HP, Reilly served as CEO of enterprise security company ArcSight... All Tom Reilly news »