FireCompass, a Boston, MA-based SaaS startup that provides a continuous and automated ethical hacking platform, raised $7 million in funding.
The round was led by Silicon Valley-based Cervin and Athera Venture Partners, along with existing investor Bharat Innovation Fund (BIF).
The investment will be used to expand FireCompass' operations across U.S. and international markets and bring on new talent.
“Organizations typically test some of their assets some of the time, whereas hackers are attacking all of the assets all of the time,” said Bikash Barai, co-founder of FireCompass. “At FireCompass, our vision is to make Continuous Automated Red Teaming (CART) available to all so that organisations can continuously discover and test all their assets at all times–just like the real attackers,”
FireCompass offers a software-as-a-Service (SaaS) platform for security assessments. It also provides a solution for cybersecurity preparedness such as breach preparedness and cybersecurity maturity.
The startup helps enterprises with data breaches by scanning deep, dark, and surface webs using AI tools. FireCompass counts Sprint (which is now a part of T-Mobile), Security Innovation, Nykaa, Manthan, and Larsen & Turbo as part of its client portfolio.
Company: FireCompass, Inc.
Funding Month: February 2023
Lead Investors: Cervin and Athera Venture Partners
Additional Investors: Bharat Innovation Fund
Company Website: https://www.firecompass.com/
Software Category: Cybersecurity
About the Company: Founded in 2019 by Bikash Barai and Priyanka Aash, FireCompass is a SaaS platform for Continuous Automated Red Teaming (CART) and Attack Surface Management (ASM). It continuously indexes and monitors the deep, dark, and surface web to map out an organization's digital attack surface, including shadow IT blind spots. The platform eliminates the need for multiple tools and significant manual effort while providing continuous and proactive security. FireCompass' automated red teaming and attack surface discovery platform helps companies mitigate risks faster by identifying vulnerabilities and prioritizing the ones that are most likely to be exploited by attackers.