LookingGlass Cyber Solutions Raises $26.3 Million in Mezzanine Funding Round
Significant Revenue and Near-Term Profitability Support Capital Financing
Reston, Va. – August 29, 2017 – LookingGlass® Cyber Solutions, a leader in threat intelligence-driven security, today announced a capital raise of $26.3 million, comprised of mezzanine debt funding and incremental venture capital. LookingGlass’ substantial revenue, high growth and near-term profitably were contributing factors that led new investors Eastward Capital and Triangle Peak Partners, to participate in the round. They join existing investors, Alsop Louie Partners, Neuberger Berman, and New Spring Capital. The newly infused capital will be used to accelerate international sales and drive portfolio expansion.
“Eastward is pleased to invest alongside an experienced management team at LookingGlass, building a leading cybersecurity platform, with outstanding technology, backed by a strong investor syndicate,” said Christopher Bodnar, Investment Partner, Eastward Capital Partners. “There are few companies in cybersecurity that have achieved LookingGlass’ scale and boast its enviable customer list.”
The 360-degree security portfolio will springboard further sales expansion to five continents. In previous months, LookingGlass forged relationships with companies in Singapore, UAE, India, and Japan, and was included in the SoftShell Vendor report which highlights cybersecurity companies who serve the DACH region, including Germany, Austria, and Switzerland.
Funding will also be used to continue the expansion of LookingGlass’ Cyber Guardian Network partner program. Over 40 companies and MSSP’s are subscribed, and routinely take advantage of the tools LookingGlass provides to differentiate themselves in advanced cybersecurity offerings and execute sales. CenturyLink is the latest managed security service provider (MSSP) to join the network and, like other partners, will be utilizing LookingGlass’ unique capabilities to provide their customers access to industry leading threat intelligence tools on the market.
“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 CFO Stewart Curley. “The LookingGlass portfolio delivers unified threat protection against sophisticated cyber attacks and enables both global enterprises and governments to take threat intelligence into their own hands, and act on it. We are proud to add Eastward Capital and Triangle Peak to our long-term investor group.”
LookingGlass is introducing Threat Intelligence-as-a-Service for organizations that require cybersecurity business solutions to be deployed and enacted immediately, without obtrusive lead-time and will ensure protection for company brands, intellectual property, customers, and employees.
“We have been very impressed with the LookingGlass team and product suite,” said Tyler Peterson at Triangle Peak Partners. “With an excellent sense of what organizations require in order to stay secure, their team has successfully designed a comprehensive solution portfolio that leads the market in addressing the full threat spectrum.”
LookingGlass is constantly pushing to deliver their clients the most comprehensive threat intelligence service as shown by their recent discovery of 40 million voter records for sale on the dark web. Additionally, LookingGlass announced their Corporate and Supplier Cyber Attack Surface Analysis offering this spring and subsequently its comprehensive Third Party Risk Monitoring service, which delivers continuous visibility into the risk exposure and attack surface of an organization’s key vendors. This service is a completely outsourced way to analyze third party vendors’ risk impact on an organization. In the coming months, LookingGlass will continue to focus on technological advancements while providing risk visibility across the entire organization including cyber, physical assets, and third party partners. For more information on LookingGlass Cyber Solutions, visit www.lookingglasscyber.com.
About LookingGlass Cyber Solutions
LookingGlass Cyber Solutions delivers unified threat protection against sophisticated cyber attacks to global enterprises and government agencies by operationalizing threat intelligence across its end-to-end portfolio. Scalable threat intelligence platforms and network-based threat response products consume our machine-readable data feeds to provide comprehensive threat-driven security. Augmenting the solutions portfolio is a worldwide team of security analysts who continuously enrich our data feeds and provide customers unprecedented understanding and response capability into cyber, physical and 3rd party risks. Prioritized, relevant and timely insights enable customers to take action on threat intelligence across the different stages of the attack life cycle. Learn more at https://www.lookingglasscyber.com/.
Caroline Dobyns, 410-353-5340