ThreatSpike, an end-to-end cybersecurity provider, has raised $14 million in Series A funding to help organizations move beyond the complexity and cost of fragmented traditional security tools with a unified platform. The funding is led by Expedition Growth Capital and in conjunction with the investment, Will Sheldon, Partner at Expedition, and Emily Orton, co-founder at Darktrace, have joined ThreatSpike’s Board of Directors.
“We founded ThreatSpike having witnessed first hand that achieving high quality cybersecurity protection is far too complex and costly,” said Adam Blake, CEO and Founder at ThreatSpike. “In a market full of three-letter acronym products and aggressive upselling, we take a different approach which puts customer security at the core. We are proud to combine world-class technology and expert support into one transparent, flexible solution that delivers true protection without the complexity or hidden costs. With this investment from Expedition, we have gained an aligned partner with deep expertise and resources to support our continued growth journey.”
ThreatSpike was founded by computer scientists Adam and Kate Blake in 2011, following their experience building software and cybersecurity programmes in some of the world’s most sophisticated financial institutions. The company has been bootstrapped with no institutional capital to date, growing rapidly through customer-driven demand. Today, ThreatSpike serves over 200 customers with deployments across 90 countries, including industry leaders in hospitality, industrials, investment management, professional services and other sectors.
“ThreatSpike has the highest level of customer referral-driven growth and satisfaction that we have seen across the cybersecurity industry,” said Will Sheldon, Partner at Expedition Growth Capital. “The company has been growing rapidly and profitably without investment and we are proud to partner with Adam and Kate as they fuse software and services into a unique platform that delivers tangible cybersecurity outcomes for sophisticated customers globally.”
“Adam and Kate are both impressive technology entrepreneurs,” said Emily Orton, Co-Founder of Darktrace. “I am excited to join them on ThreatSpike’s board and use my experience to help scale the business in this new phase of growth.”
The funding will support ThreatSpike’s continued global expansion, including additional hires in engineering, security operations and go-to-market teams. The company will also accelerate its existing innovation roadmap across its platform offerings: ThreatSpike Blue (24/7 managed detection and response) and ThreatSpike Red (unlimited penetration testing).
“Since our initial engagement with ThreatSpike in 2016, they have consistently demonstrated themselves to be not only highly competent but also deeply diligent partners in our cybersecurity efforts,” said Lee Scott, Head of Cyber Security at Inchcape Shipping Services. “From the very beginning, ThreatSpike has instilled a strong sense of trust and confidence within our team, enabling us to focus on our core business operations while knowing that our security posture is in expert hands. Over the course of our partnership, ThreatSpike has continually delivered on their promises, going above and beyond to provide innovative and reliable solutions tailored to our evolving needs.”