Cybersecurity provider ThreatSpike has raised £10.4m in Series A funding to support its continued global expansion.
The London-based firm, which was founded in 2011, is looking to help organisations move beyond the complexity and cost of traditional security tools with a unified platform.
It will also use the investment to make additional hires in its engineering, security operations and go-to-market teams.
The funding was led by Expedition Growth Capital and, in conjunction with the investment, Will Sheldon, partner at Expedition, and Darktrace co-founder Emily Orton have joined ThreatSpike’s board of directors.
“We founded ThreatSpike having witnessed first hand that achieving high quality cybersecurity protection is far too complex and costly,” said Adam Blake, CEO and co-founder at ThreatSpike.
“In a market full of three-letter acronym products and aggressive upselling, we take a different approach which puts customer security at the core.
“We are proud to combine world-class technology and expert support into one transparent, flexible solution that delivers true protection without the complexity or hidden costs.
“With this investment from Expedition, we have gained an aligned partner with deep expertise and resources to support our continued growth journey.”
This is the company’s first investment round, having been bootstrapped with no institutional capital to date, growing rapidly through customer-driven demand.
It serves over 200 customers with deployments across 90 countries, including industry leaders in hospitality, industrials, investment management, professional services and other sectors.
Sheldon added: “ThreatSpike has the highest level of customer referral-driven growth and satisfaction that we have seen across the cybersecurity industry.
“The company has been growing rapidly and profitably without investment and we are proud to partner with Adam and Kate (Blake, co-founder) as they fuse software and services into a unique platform that delivers tangible cybersecurity outcomes for sophisticated customers globally.”
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