Achievement Unlocked: Venture Funding

Ed Bellis    November 13, 2012

Today we’re really excited to announce our latest round of funding and welcome our newest investors to the Risk I/O team. Our new investors include U.S. Venture Partners and Costanoa Venture Capital and I am thrilled to be working directly with Jacques Benkoski, our newest board member, as well as Greg Sands. We also had great participation and validation from our existing investors including Tugboat Ventures and Hyde Park Angels.Economic Acceleration

Our team has been working incredibly hard on our security intelligence platform, and with this funding we’ll really be able to accelerate the product bringing our vision of data-driven security to the enterprise. We’ve made tremendous progress to our vulnerability intelligence platform over the past couple of years, but I believe we can still do more by bringing in additional contextual data that effects security and remediation decisions. The truth is, there’s a lot of data already out there but  its tremendously difficult to make sense of it.

According to research from analyst firm Enterprise Management Associates, almost half of all enterprises surveyed are overwhelmed by the amount of security data they collect, and even more feel they have insufficient time or expertise to analyze that data. The vast majority of respondents said they would collect more security-related data if they could make sense of it.

Our goal is to get our customers to not rely on gut decisions but evidence based ones.

Our new investors bring a wealth of experience in this area and we couldn’t be happier about the newest talent we have on the team. Watch for future posts here on our progress which may include a few cameos from everyone, including board members.

We’ve always focused on helping our customers fix and remediate the most critical security issues, and now we have more resources to help do just that. Oh and one more thing… we’re hiring.

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