IriusRisk, a Cuarte, Huesca, Spain-based provider of an Open Threat Modeling platform, raised $29M in Series B funding.
The round was led by Paladin Capital Group, with participation from SwanLaab Venture Factory, BrightPixel Capital, 360 Capital and Inveready. In conjunction with the funding, Kenneth Pentimonti, Principal at Paladin Capital, will join IriusRisk’s board of directors.
The company intends to use the funds to further expand globally, with a particular focus on the US and Asia Pacific markets, to grow its community platform, make key strategic hires and double down on the research and development of its technology.
Led by CEO Stephen De Vries, IriusRisk provides an Open Threat Modeling platform that allows security and development teams to ensure applications have security built-in from the start. The company helps developers, architects and security engineers to design secure software throughout the Software Development Lifecycle (SDLC) – introducing security from initial design and tracking its implementation through integrations in the development toolchain.
IriusRisk is serving enterprise clients including Fortune 500 banks, payments, and technology providers.
FinSMEs
05/10/2022