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LookingGlass raises $26.3 million mezzanine round

Article Source: https://technical.ly/baltimore/2017/08/30/lookingglass-mezzanine-funding/


The cybersecurity firm is looking to go global with its latest eye-catching funding round.

LookingGlass Cyber Solutions raised $26.3 million in new financing as the company looks to expand international sales.

The financing was a mix of debt financing and venture capital, known as a mezzanine round. New investors in this round included Eastward Capital Partners and Triangle Peak Partners. They joined existing investors Alsop Louie Partners, Neuberger Berman and Philly-based New Spring Capital.

The Reston, Va.–based company started at the ETC, and maintains offices in Canton. LookingGlass’ platforms provide business and government clients with data on potential cyber threats, including a threat map, and tech tools are backed by security analysts. The company is looking to further expand sales of its threat intelligence platforms following recent partnerships in Europe, Singapore, UAE, India and Japan, according to a statement. Among the features attracting investors were the company’s “near-term profitably.”

“There are few companies in cybersecurity that have achieved LookingGlass’ scale and boast its enviable customer list,” Christopher Bodnar, an investment partner at Eastward Capital Partners, said in a statement.

LookingGlass was in the news earlier this summer when the firm found 40 million U.S. voter records being offered for sale in an underground forum, Dark Reading reported.

The financing round follows a $50 million Series C in 2015. The company also grew with a pair of acquisitions.

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