SpyCloud, a pioneer in operationalizing identity analytics for automating digital identity protection, has recently concluded a growth funding round securing $110 million in primary and secondary capital. The funding was primarily led by Riverwood Capital, a global investor with a focus on high-growth technology firms. With an impressive clientele that includes over 500 leading enterprises from various sectors, including half of the Fortune 10 companies, SpyCloud is a pivotal player in combating cybercrimes like ransomware, account takeover, session hijacking, and online fraud.
The company stands out by leveraging its in-house technology to recover and analyze data from underground criminal activities. This unique engine also automates the resolution of exposed identity and authentication data, setting SpyCloud apart from traditional approaches such as threat intelligence. The company’s offerings provide significant value to various cybersecurity facets, including identity and access management (IAM), identity threat detection and response, endpoint protection, and zero trust frameworks.
SpyCloud’s platform specializes in identifying and mitigating risks related to stolen session cookies, credentials, and emerging forms of authentication data that malicious actors actively exploit to target businesses, their customers, and supply chains. Their latest innovation, SpyCloud Compass, facilitates the post-infection remediation of malware exposures, focusing on compromised assets that are most susceptible to triggering ransomware attacks.