Sqrrl adds $12.3 million to coffers in Series C funding round
Buoyed by the growth surrounding cyberthreat hunting, Cambridge, Massachusetts-based Sqrrl announced a $12.3 million Series C round of investment on Wednesday. The funding was led by Boston-based Spring Lake Equity Partners, with existing investors Matrix Partners, Rally Ventures and Accomplice also participating in the round. The new round comes as popularity in threat hunting platforms continues to grow. Various analyst groups have emphasized the platforms as a good way for security operations centers to proactively detect threats. According a SANS Institute paper released earlier this year, 88 percent of respondents found threat hunting to considerably reduce the amount of time malicious actors patrolled enterprise networks. “We are giving the tools to the analyst to rapidly understand what is happening in their environment and ask questions based on what they see in front of them,” Sqrrl CEO Mark Terenzoni told CyberScoop. Sqrrl (pronounced “squirrel”) was created in 2012, born out of an NSA database project […]
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