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UK’s ThreatSpike lands €12.2M: Wife-husband duo Kate and Adam Blake on ending a 14-year bootstrapping run and simplifying enterprise cybersecurity
- London-based cybersecurity provider ThreatSpike secures €12.2M in Series A funding led by Expedition Growth Capital, supporting global expansion and team growth.
- Expedition Growth Capital praised ThreatSpike for high customer satisfaction and referred growth, with Will Sheldon and Emily Orton joining the board of directors.
- The funding will facilitate hiring across engineering, security operations, and go-to-market teams, aiming for a 75-person team by year-end.
- ThreatSpike's platforms, such as ThreatSpike Blue and ThreatSpike Red, offer managed detection, response and unlimited penetration testing.
- Founded in 2011 by Adam and Kate Blake, ThreatSpike addresses cybersecurity fragmentation by standardising threat detection and investigation.
- The company simplifies cybersecurity through AI-driven real-time threat monitoring and response, enhancing incident triage and resolution efficiency.
- Having been bootstrapped for 14 years, ThreatSpike emphasizes the struggle in scaling due to financial constraints and the vendors' complex cybersecurity product offerings.
- Adam Blake highlights industry failures in delivering straightforward cybersecurity solutions, pointing out vendors' fragmented toolsets and unclear coverage.
- ThreatSpike serves over 200 customers worldwide, including industry leaders in various sectors, aiming to mitigate cybersecurity challenges with streamlined solutions.
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