Flashpoint Expands into Business Risk Intelligence (BRI), Raises $10M in Funding
It is rare in venture capital that you find a company that is both an excellent fast growing business, but also doing incredible work to make the world a safer place. Flashpoint is one of those companies comprised of incredibly talented founders working hard to provide Business Risk Intelligence to the worlds largest companies. We’re excited to be part of this journey and to help them achieve all of their goals.
Original press release here
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NEW YORK, July 12, 2016 /PRNewswire/ — Flashpoint, the global leader in intelligence from the Deep & Dark Web, is expanding into Business Risk Intelligence (BRI) to deliver its unique insights gleaned from the underbelly of the Internet across an enterprise’s multiple lines of business. Looking beyond Cyber Threat Intelligence, BRI ultimately informs decision-making, improves preparation, and mitigates risk throughout an entire organization.
Often narrowly focused on technical indicators, Cyber Threat Intelligence is geared towards cybersecurity teams and ignores the intelligence needs of other business functions. Flashpoint’s BRI, however, provides relevant context to business units not traditionally afforded the benefits of intelligence from the Deep & Dark Web. The results are better decisions that protect a company’s ability to operate. BRI can not only bolster cybersecurity but also confront fraud, detect insider threats, enhance physical security, assess M&A opportunities, and address vendor risk and supply chain integrity.
“Cyber Threat Intelligence is just that — intelligence,” affirmed Josh Lefkowitz, CEO of Flashpoint. “We gather data from the Cyber domain, but the intelligence we produce from that data is relevant to numerous business functions across a company, allowing organizations to flat out make better decisions. Our push into Business Risk Intelligence reflects the broad appeal we’ve found our Deep and Dark Web intelligence has for multiple business units, cybersecurity or otherwise. We’re eager to deliver that intelligence to a very underserved market.”
Recognizing an opportunity to accelerate its expansion into BRI, Flashpoint closed a Series B funding round of $10 million, led by Greycroft Partners and joined by new investors Jump Capital and Leaders Fund. Existing investors TechOperators, K2 Intelligence, Bloomberg Beta, and Cisco Investments also participated. Ellie Wheeler, Partner at Greycroft Partners, will be joining Flashpoint’s board.
Along with this financing, Flashpoint continues to make key hires in pursuit of excellence in BRI, including welcoming Chris Camacho as Chief Strategy Officer and Tom Hofmann as Vice President of Intelligence. Formerly holding senior intelligence roles at Bank of America and PNC respectively, both executives have substantial experience producing BRI in critical capacities. Chris and Tom join one of the strongest teams in the industry as the company opens two new offices in Tyson’s Corner, VA, and Dublin, Ireland, to tap additional sources of talent and meet increased market demand. Together with the company’s world-class expertise and unmatched Deep & Dark Web data, Flashpoint is poised to bring the next generation of intelligence to the enterprise.
“Very few companies have the ability to break free of tradition and define a new market,” advised Ellie Wheeler of Greycroft Partners. “Flashpoint has amassed the talent and seen the growth they need to do exactly that. We’re excited to partner with them as they lead the charge to reinvent what cyber intelligence means to business.”
