Flare Raises $30M Series B Led by Base 10 Partners to Continue Growth in Security Intelligence and Threat Exposure Management Markets
Summary
We expect to increase investments in EU expansion while also continuing to further accelerate growth in North America and Europe more broadly to strengthen cybersecurity globally.What sets Flare apart is their superior data collection capabilities providing us with actionable intelligence on attacker-used credentials and target systems that directly informs our testing, said Kevin Johnson, CEO of Secure Ideas. In an industry where staying ahead of threat actors is crucial, Flares comprehensive threat intelligence capabilities significantly outperform competing solutions.This Series B funding will be instrumental in solidifying our role as the leader in Security Intelligence and Threat Exposure Management for the enterprise and mid-market.Weve been focusing on leveraging the latest advancements in language models and advanced data science techniques to extract actionable insights out of one of the worlds most sophisticated cybercrime data sets. Flares dedication to integrating advanced language models and data science to deliver meaningful, actionable insights aligns for cybersecurity perfectly with our mission to support founders who solve real-world problems for the many, not just the few.Were pretty proud of our Threat Flow module launch in August 2024, which is the security industrys first transparent generative AI application that delivers timely, relevant, and trustworthy reports of threat actor activity on the dark web, enabling scaled research and reporting for security teams, validated with a 98% accuracy.Industry analyst and cybersecurity thought leader Richard Stiennon, former Gartner VP and current Chief Research Analyst at IT Harvest, spoke about the impact of our innovations: With this investment round, Flare is well-positioned to enhance its exposure data collection capabilities and advance the application of generative AI in threat intelligence use cases.Flare is the leader in Threat Exposure Management, helping organizations of all sizes detect high-risk exposure found on the clear and dark web. Combining the industrys best cybercrime database with an incredibly intuitive user experience, Flare enables customers to reclaim the information advantage and get ahead of threat actors. For more information, visit https://flare.io.Founded by Adeyemi Ajao and TJ Nahigian, Base10 is a San Francisco-based venture capital fund investing in founders who believe purpose is key to profits and in companies that are automating sectors of the Real Economy.