SpyCloud Raises $35 Million in Funding

by Kay Aloha Villamor in June 11th, 2024

SpyCloud, an Austin, TX-based cybersecurity company whose solutions help organizations investigate and protect against cybercrime, raised $35 million in growth financing.  


The investment was from CIBC Innovation Banking.  

CIBC Innovation Banking delivers strategic advice, cash management, and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from startup to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver.  

SpyCloud Use of Funds  

The company will use the funding to continue expanding its offerings.  

About SpyCloud  

Founded in 2016, SpyCloud is a cybersecurity firm that specializes in investigating and protecting against cybercrime. Its products operationalize Cybercrime Analytics (C2A) to produce actionable insights that allow enterprises to proactively prevent ransomware and account takeover, safeguard employee and consumer identities, and investigate cybercrime incidents. SpyCloud's solutions integrate with a range of leading tools, such as Active Directory, Okta, Tines, Splunk, Microsoft Sentinel, and Palo Alto Networks Cortex XSOAR. Their services cater to a diverse customer base that includes half of the Fortune 10 companies, mid-size businesses, and government agencies worldwide.  

Funding Details                                                                     

Company: SpyCloud, Inc.   

Raised: $35.0M                                                        

Round: Growth Round  

Funding Month: June 2024                                              

Lead Investors: CIBC Innovation Banking  

Additional Investors:  

Company Website: https://spycloud.com/  

Software Category: Cybersecurity  

Source: Charlotte Streeter

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