Reston-Based LookingGlass Raises $26.3 Million in Equity and Debt Funding
Article Source: http://www.potomactechwire.com
Reston, Va. — LookingGlass Cyber Solutions, the Reston-based developer of a threat intelligence management system, said on Tuesday it has raised $26.3 million in a combination of mezzanine debt funding and incremental venture capital. New investors Eastward Capital and Triangle Peak Partners joined previous backers Alsop Louie Partners, Neuberger Berman and New Spring Capital in the round, which the company will use to accelerate international sales and drive portfolio expansion. “This investment acknowledges our significant growth position in the market and will help us to better service our clients and stay ahead of our competition,” said Stewart Curley, the company’s chief financial officer (CFO). The news comes nearly six months after LockingGlass relocated its headquarters to a 20,000-square-foot space in Reston, creating more space for its 140 local employees and room for future growth.