RiskIQ, a startup offering software safety, threat evaluation and vulnerability administration companies, has added National Grid Partners as a strategic investor.
The funding from the funding arm of National Grid, a multinational vitality supplier, is a part of a $15 million new spherical of financing designed to take the corporate’s expertise into vital industrial infrastructure — with National Grid as a degree of entry.
Over 6,000 corporations use the corporate’s companies already and the roster checklist and expertise on provide has attracted among the greatest names in investing together with Summit Partners, Battery Ventures, Georgian Partners and MassMutual Ventures.
“We view NGP’s present of help as an unimaginable alternative to assist clients in new markets thrive as their assault surfaces broaden exterior the firewall, particularly now amid the COVID-19 pandemic,” stated RiskIQ chief govt Lou Manousos stated, in an announcement.
RiskIQ has spent the previous ten years spidering the Internet in search of the entire exploits that hackers use to penetrate networks and have constructed that right into a database of threats. This stock provides the corporate a capability to determine which belongings inside an organization current the obvious threats. Its automated companies continually scan third-party code, internet-connected units and cell purposes for potential vulnerabilities, the corporate stated.
“As a staple platform of their core safety setting, our cyber risk analysts use RiskIQ commonly to complement and determine incoming threats,” stated Lisa Lambert, president of National Grid Partners and Chief Technology and Innovation Officer of National Grid, in an announcement.
National Grid’s funding is a bit of a deeper partnership that may see NGP offering strategic recommendation for the safety firm because it appears to be like to broaden its business operations amongst industrial and utility clients.