SnapAttack, a risk searching startup that was this week spun out from IT consulting agency Booz Allen Hamilton, has secured $8M in Sequence A funding.
The startup, which claims to carry the “largest library of labeled risk information on the planet,” was created inside Booz Allen DarkLabs, a workforce of researchers, risk hunters, analysts, and information scientists that focuses on stopping cyberattacks.
At its core, SnapAttack is a cloud-based software program answer that brings collectively actionable risk intelligence and hacker detection. Nevertheless, the startup says it brings each offensive and defensive tradecraft collectively in an built-in workflow that permits group collaboration round risk intelligence, assault emulation, and behavioral analytics. This, in flip, helps organizations proactively determine potential safety flaws, dangers, and gaps of their infrastructure earlier than an incident happens, the corporate says.
“SnapAttack is poised to empower a brand new stage of collaboration among the many subsequent era of moral hackers, risk hunters and safety researchers offering superior insights to cease attackers of their tracks,” mentioned Fred Frey, CTO and founding member of the SnapAttack workforce. “Whereas lots of our rivals concentrate on a single stage of the workflow and most frequently from a selected offensive or a defensive lens; SnapAttack gives an area to merge each.”
The startup’s Sequence A funding spherical was led by Volition Capital, a development fairness fund, with participation from Strategic Cyber Ventures (SCV) and Booz Allen Hamilton, which is retaining a “important” majority stake within the standalone firm.
The funding was accomplished in reference to SnapAttack’s just lately introduced spinout from Booz Allen Hamilton, which the startup tells TechCrunch has been within the works over the previous few months. “It was essential to make sure the spinout and staff becoming a member of the workforce had been arrange for fulfillment, so the funding and spinout course of had been aligned to make sure that each the company entity was correctly established, and funding was secured to make sure ample runway for operations,” the corporate mentioned.
SnapAttack will use the funding to speed up platform growth to additional combine throughout safety operations processes, handle all the lifecycle of detection analytics, and improve reporting. It additionally plans to increase its workforce (SnapAttack presently has 15 staff, with plans to double over the following 12 months) and to develop its buyer base throughout Federal and Industrial markets.