WAF Security Startup Threat X Raises $8.2 Million
Cybersecurity startup Threat X, which offers cloud-based web application firewall (WAF) solutions, today announced that it has closed an $8.2 million Series A funding round.
The Denver, Colorado-based company says the new funding will be used to fuel growth and support adoption of its WAF technology and managed security services.
The company explains that its SaaS-based solution “employs kill-chain based, progressive profiling to identify and neutralize threats.”
“Our goal is to help organizations protect their applications with a SaaS based web application firewall that provides a holistic view of every attack, the techniques being utilized, and target vulnerabilities,” Bret Settle, Founder and CEO of Threat X, said. “Our behavioral profiling and correlation engine analyzes each attack and eliminates false positives by grading risk level and progress throughout the ‘kill-chain’. Our customers can also leverage our deep analytics and expert security team for greater threat intelligence and visibility into preventative measures.”
The funding round was co-led by Grotech Ventures and Access Venture Partners.
For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.