announces Series A Investment Round
Summary
Madrid, Spain / London, UK / Atlanta, US – IriusRisk, the threat modeling platform for Application Security, announced today the closing of its $6.7 million Series A fundraising. The funding will enable IriusRisk to continue to innovate through its product roadmap and focus on global growth by expanding its sales and marketing teams in the US, UK and Europe. We have grown our customer base to more than 40 enterprise clients across the US, Europe and the UK, including some of the world’s largest Fortune 500 financial, industrial and consumer groups, and we will continue to expand within these and other verticals as a result of this funding.” Conor O’Sullivan, Vice President at Paladin, who will join IriusRisk’s Board of Directors, said: “Secure design in Application Security has been a manual, time consuming, inefficient and specialised process for many years. The IriusRisk team has the domain expertise and product vision that will enable the practice of threat modeling to scale to the thousands of applications that an enterprise maintains every year.” IriusRisk is the industry leading threat modeling platform in Application Security, with a customer base that includes Fortune 500 banks, credit card and payment providers as well technology companies. As a multi-stage investor, Paladin focuses on best-of-breed companies with technologies, products and services that meet the challenging global cybersecurity and digital infrastructure resilience needs for commercial and government customers.