Flashpoint, the global leader in Business Risk Intelligence, announced the close of a $28 million Series C funding round led by new investor Georgian Partners. Steve Leightell, principal at the firm, will join the Flashpoint Board of Directors, which includes Ellie Wheeler, Glenn McGonnigle, and Brendan Hannigan.
Existing Flashpoint investors Greycroft Partners, TechOperators, Leaders Fund, Jump Capital, Bloomberg Beta, and Cisco Investments also participated in the round.
“Georgian Partners brings with it not only a significant investment into Flashpoint’s expansion to drive global adoption of BRI, but a unique expertise in applied analytics, machine learning, and natural language processing, which will help us further mature our offerings,” said Josh Lefkowitz, CEO and co-founder of Flashpoint. “Moreover, the Georgian team embodies the entrepreneurial spirit required to develop a fast-growing, people-oriented and customer-focused company.”
Enterprises need to protect their ability to operate, and to do that they must make better, more informed risk decisions. BRI delivered by Flashpoint provides these enterprises with immediate visibility into real threats with the potential to harm them and the context to help them understand how these threats could impact their business. This latest investment will allow Flashpoint to accelerate worldwide adoption of BRI, coming on the heels of a successful expansion in EMEA and Asia Pacific in the first half of 2017. The funding will also support the company’s recruitment of talent to support its sophisticated technology roadmap, and adding even more specialized talent to its team of highly-skilled intelligence analysts.
“Flashpoint is unrivaled in its visibility into the deep and dark web, and its ability to turn that into actionable insights,” Leightell said. “We are very excited about partnering with Flashpoint and collaborating to bring even richer analytics and artificial intelligence to its offering as Flashpoint innovates across the security and intelligence industries.”
Flashpoint’s robust and growing customer base spans industries such as finance, retail, insurance, healthcare, law, media, energy, technology, telecommunications, defense, government, aviation, entertainment, hospitality, consumer goods, and manufacturing.