SpyCloud Bags $30 Million in Series C Funding Round

SpyCloud Bags _30 Million in Series C Funding Round

SpyCloud, the anti-fraud platform provider, has recently announced that it raised $30 million in a recent Series C funding round. The round was led by Centana Growth Partners and other previous investors. The company has raised a total of $58.5 million in investments to date. 

It aims to offer organizations with innovative solutions to combat account takeover via its curation platform with human intelligence. Basically, compromising personal information, business data, etc. are depending on the utilization of credentials exposed in data breaches. The data are further traded on dark portals. 

Account takeover can direct to scam and, thereby, a huge loss for any business. After identifying exposed user accounts, automating remediation before attacks can make the process successful, mentioned SpyCloud.

Source: SecurityWeek

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