What is SpyCloud?
Established in 2016, SpyCloud operates in the critical cybersecurity space, offering a specialized anti-fraud platform designed to combat account takeover by cybercriminals. The company's technology focuses on identifying and mitigating threats that compromise user accounts, a growing concern for businesses across all sectors. SpyCloud's commitment to innovation and its data-driven approach have positioned it as a key player in the fight against digital fraud, attracting substantial investment to bolster its capabilities and market reach.
How much funding has SpyCloud raised?
SpyCloud has raised a total of $171M across 5 funding rounds:
Series A
$5M
Angel/Seed
$5M
Series B
$21M
Series C
$30M
Private Equity
$110M
Series A (2018): $5M with participation from Silverton Partners and March Capital Partners
Angel/Seed (2018): $5M, investors not publicly disclosed
Series B (2019): $21M supported by M12, Altos Ventures, Silverton Partners, and March Capital Partners
Series C (2020): $30M featuring Centana Growth Partners, Silverton Partners, M12, Altos Ventures, and March Capital Partners
Private Equity (2023): $110M backed by Riverwood Capital
Key Investors in SpyCloud
Riverwood Capital
Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation.
Centana Growth Partners
Centana Growth Partners is a growth equity fund focused on investing in rapidly growing companies within the financial services, financial technology, and related enterprise software sectors. They provide tailored investments ranging from $10 to over $50 million.
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies.
What's next for SpyCloud?
With the recent influx of capital, SpyCloud is poised for accelerated growth and enhanced product development. The strategic investment signals strong confidence from its backers in the company's ability to scale its operations and further innovate its anti-fraud solutions. This funding will likely enable SpyCloud to expand its market penetration, strengthen its technological infrastructure, and potentially explore new avenues for threat detection and prevention, solidifying its position as a leader in the cybersecurity landscape.
See full SpyCloud company page
