Base Operations, a Washington, DC-based SaaS-based global threat intelligence provider for physical security, closed a $9.1 million Series A funding.
SaaS Investors
The round was led by Grotech Ventures and Spero Ventures. Other notable contributors include Vela Partners, Good Growth Capital, Mindset Ventures, Alliance Holdings, and Gaingels.
Founded in 1984, Grotech Ventures is a venture capital investment firm based in Owings Mills, Maryland. The firm seeks to invest in technology companies operating in the cybersecurity technology, fintech, supply chain, logistics, application, and vertical software sectors.
Founded in 2018, Spero Ventures is a venture capital firm based in Redwood City, California. The firm seeks to invest in companies focused on health and wellness, work & purpose, and human connection, software or software-enabled hardware, and the technology sectors.
Base Operations Use of Funds
The company will use the funds to enhance its forecasting capabilities, elucidate the threat landscape in emerging markets with new data strategies, programmatically generate detailed reports and analysis, and enhance tailored recommendations.
About Base Operations
Base Operations is a developer of a threat intelligence platform that aggregates, visualizes, and interprets threat data to mitigate risk and help organizations protect people and assets. The company's platform offers a granular threat database with AI-powered predictive analytics to quickly uncover actionable insights, improving response time and accuracy for enterprise security tasks, and includes a dashboard for security personnel, enabling clients to connect to their employees in the field, manage their trips and improve their safety. Its mission is to create more proactive, resilient organizations by increasing their knowledge of every corner of the world.
Funding Details
Company: Base Operations, Inc.
Raised: $9.1M
Round: Series A
Funding Month: December 2023
Lead Investors: Grotech Ventures and Spero Ventures
Additional Investors: Vela Partners, Good Growth Capital, Mindset Ventures, Alliance Holdings, and Gaingels
Company Website: https://www.baseoperations.com/
Software Category: Threat Intelligence
Source: https://www.prnewswire.com/news-releases/base-operations-secures-a-9-1m-series-a-to-revolutionize-global-threat-intelligence-302021353.html