Aug 8, 2018

RiskSense raises $12M to prevent cyberattacks, election meddling

Photo: Thomas Trutschel/Photothek via Getty Images

RiskSense, a cybersecurity startup that aims to help organizations prioritize different threats and vulnerabilities, has raised $12 million in Series B funding, according to the company. Spring Mountain Capital and NightDragon Security led the investment round.

Why it matters: RiskSense’s team has experience defending critical networks and its software-as-a-service platform aims to help organizations prevent malware and ransomware attacks. The firm is currently working with some states to try to prevent cyberattacks against U.S. election infrastructure, co-founder and head of corporate development Mark Fidel told the Albuquerque Business Journal.

  • Money for those projects is made available through funding Congress provided to states this year to bolster election security, per Fidel.
  • One of the methods the Russians used in election meddling efforts in the U.S. is targeting people involved in administering elections with spear-phishing attacks, one indictment by special prosecutor Robert Mueller revealed.

The details:

  • RiskSense boasts a team that has a background working with the Pentagon and U.S. intelligence community analyzing how conflicts between countries play out in the digital realm, as part of a project known as CACTUS (Computational Analysis of Cyber Terrorism against the U.S.), per Network World.
  • Other investors include UL Ventures, Paladin Capital Group, Sun Mountain Capital, EPIC Ventures, and Jump Capital.

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