November 20, 2014
By: Steven Overly
The Arlington-based cybersecurity company formerly known as Cyber Squared has raised $4 million from local investors and changed its corporate moniker to ThreatConnect, executives announced Thursday.
The investment is a first for the company, which has been self-funded to date. Vienna-based Grotech Ventures led the round with contributions from unnamed strategic partners.
The company is also rechristening as ThreatConnect, the name of its chief software product. The Cyber Squared name will still be used for the company’s consulting business.
Founded in 2011, ThreatConnect provides an online forum where cybersecurity professionals, as either individuals or on behalf of a company, can share information about various cyber threats and how to thwart them.
“If you think about it, you’ve got all these product companies that all have a piece of a puzzle. ThreatConnect enables companies to put that puzzle together,” chief executive Adam Vincent said during an interview earlier this year.
Grotech Ventures has previously invested in LivingSocial, HelloWallet, Clarabridge, Invincea and Personal, among other local companies.
“Grotech invests in companies with strong founding teams and significant opportunities for success in large, high-growth markets,” Grotech Ventures’ General Partner Steve Fredrick said in a statement. “We believe that ThreatConnect is at a pivotal point in its growth trajectory, and are excited about the momentum the company has experienced so far.”
Read the full article at: https://www.washingtonpost.com/business/capitalbusiness/cybersecurity-firm-cyber-squared-raises-4-million-changes-name-to-threatconnect/2014/11/19/cb2f9dcc-7026-11e4-ad12-3734c461eab6_story.html