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IriusRisk - Series B
Overview
Funding Date
October 5, 2022
Financing amount
$29M
Valuation
--
Catagory
Subcategory
About IriusRisk - Series B
IriusRisk, the world's leading Open Threat Modeling platform, has raised a $29 million Series B funding round, led by cyber and deep tech investor Paladin Capital Group, with participation from existing investors SwanLaab Venture Factory, BrightPixel Capital, 360 Capital and Inveready.
IriusRisk says it's been doubling its revenues year-on-year since 2020 and the company will now be looking to expand its customer base in the Asia-Pacific region with the new injection of capital. One big potential area for growth in threat modelling, according to De Vries, will be in Web3 and blockchain-based technologies. While he says it's an industry that's "still in its infancy", he expects regulation and consumer demand for greater security to compel more Web3 developers to build threat modelling into their processes.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2001 | 3 | -- | ||
| Corporate | Spain | 2014 | 1 | -- | ||
| Corporate | Portugal | 2015 | 2 | -- | ||
| Corporate | France | 1997 | 1 | -- | ||
| Fund | Spain | 2008 | 6 | info@inveready.com |
Founders & Team
Stephen de Vries
Company Profile / Project Introduction
IriusRisk is an open Threat Modeling platform that automates and supports creating threat models at design time. The threat model includes recommendations on how to address the risk. IriusRisk then enables the user to manage security risks throughout the rest of the software development lifecycle (SDLC) with best-in-class architectural diagramming and full customization to enable every stakeholder to collaborate.