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LookingGlass raises $26.3 million mezzanine round

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


The cybersecurityCybersecurity: A set of security techniques that are designed to protect the integrity of computer systems, programs and data from theft and damage to their hardware, software or other information as well as the disruption and misappropriation of their services. LookingGlass Cyber (n) - Professional paid ninjas who protect the cyber world from cyber attacks. Everybody is doing it, but we have the double black belt with the Versace logo. So yeah, we’re really good. 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 intelligenceThreat Intelligence: Evidence-based knowledge about an existing hazard designed to help organizations understand the risks common and severe external threats, used to inform decisions regarding the subject’s response. LookingGlass Cyber (n) - Actionable, relevant, and timely information that can help when assessing the security posture of an organization. A little more left. No no, that’s now too far... 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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