Total amount raised
$49 Millions
Latest funding date
10/01/2019
Location
Flashpoint has successfully navigated multiple funding rounds, culminating in a Series D round closed on October 16, 2019. The company has garnered support from nine investors, including notable names like Georgian and Jump Capital.
Acquired by Audax Private Equity on July 21, 2021, Flashpoint continues to innovate in the field of cyber threat intelligence and professional services. Keep reading to explore the intricacies of Flashpoint's fundraising journey and the investors backing this dynamic platform.
What Is Flashpoint?
Flashpoint, founded in 2010, is a leader in risk intelligence, specializing in cyber threat intelligence and professional services. The company is headquartered in New York, New York, and was founded by Evan Kohlmann, Josh Devon, Josh Lefkowitz, and Laith Alkhouri.
Operating within industries such as business intelligence, cybersecurity, and information technology, Flashpoint employs between 251 and 500 people. The company’s platform, Flashpoint Ignite, offers a range of intelligence products and services designed to help organizations mitigate various security risks.
How Much Funding Has Flashpoint Raised?
- Series A
- Amount Raised: $5M
- Date: April 2015
- Lead Investors: TechOperators
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's capabilities in risk intelligence and enhance its product offerings.
- Series B
- Amount Raised: $10M
- Date: July 2016
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services and deliver insights across multiple business lines within enterprises.
- Series C
- Amount Raised: $28M
- Date: July 2017
- Lead Investors: Georgian
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet the growing demand for cybersecurity solutions.
- Series D
- Amount Raised: $6M
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the company's risk intelligence capabilities.
Total Amount Raised: $49M. Current Valuation: Not publicly disclosed.
Key Investors
- Georgian
- Details: Georgian is an investment firm that focuses on growth-stage companies. They are known for their expertise in applying artificial intelligence and machine learning to business operations.
- Investment Focus Areas: Technology, artificial intelligence, machine learning.
- Notable Investments: Shopify, FreshBooks, Top Hat.
- Greycroft
- Details: Greycroft is a venture capital firm that invests in early and growth-stage companies. They have a strong presence in both New York and Los Angeles.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Venmo, Braintree, The RealReal.
- TechOperators
- Details: TechOperators is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach to helping startups grow.
- Investment Focus Areas: Enterprise software, cybersecurity, cloud computing.
- Notable Investments: Ionic Security, Phantom Cyber, Pindrop.
- K2 Intelligence
- Details: K2 Intelligence is an investigative and risk analytics consulting firm. They specialize in providing strategic insights and risk management solutions.
- Investment Focus Areas: Cyber defense, compliance, investigative services.
- Notable Investments: Primarily involved in strategic partnerships rather than traditional venture investments.
- Bloomberg Beta
- Details: Bloomberg Beta is a venture capital firm backed by Bloomberg L.P. They focus on early-stage investments in companies that are transforming the future of work.
- Investment Focus Areas: Machine learning, data, future of work.
- Notable Investments: Codecademy, Slack, Knotel.
What's Next for Flashpoint?
Flashpoint is poised to capitalize on the burgeoning Business Risk Intelligence (BRI) market, leveraging its expertise in Deep and Dark Web intelligence. This expansion offers vast opportunities, from fraud detection to M&A assessments, promising significant growth potential.
With a successful Series B funding round, Flashpoint is well-positioned for future fundraising, attracting both existing and new investors. However, the company must navigate challenges such as intense competition and the need for continuous innovation to stay ahead of emerging threats.
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