AttackIQ Secures $17.6 Million in Series B Financing

Funding to Meet Increasing Customer and Ecosystem Demand, Fuel the
Broadest Coverage of MITRE ATT&CK

SAN DIEGO–(BUSINESS WIRE)–AttackIQ™,
the leader in the emerging market for continuous security validation,
today announced $17.6 million in Series B funding led by Khosla Ventures
and existing investors including Index Ventures, Salesforce Ventures and
Telstra Ventures. This brings AttackIQ’s total funding to approximately
$35 million. The company will use the funds to continue development of
its continuous security validation platform, increase hiring across all
functional areas and further expand field operations. AttackIQ also
announced that Brian Byun, partner of Khosla Ventures, has joined the
company’s board of directors.

“Since our initial investment in AttackIQ, we have seen the company
achieve clear leadership in operationalizing the MITRE ATT&CK™
framework,” states Shardul Shah, partner at Index Ventures and AttackIQ
board member. “We are proud to support the management team of AttackIQ.
The combination of an obsessive focus on customers, category leadership,
and significant momentum will set us up for success in our next chapter
of growth.”

The MITRE ATT&CK framework acts as a playbook for the cybersecurity
industry, offering a vast knowledge base that allows organizations to
clearly see the steps of complex attacks and what procedures are linked
to a specific adversary behavior. This cybersecurity lexicon levels the
playing field for security teams, letting analysts and purple teams see
specific trends between attacks and adversary styles. It allows security
executives to think systematically about the adversary environment in
which they must establish a security program and to determine if
security dollar spend is effective in preventing or detecting all known
attacker behaviors. With the broadest implementation of the ATT&CK
framework, AttackIQ provides enterprises of all sizes the ability to
automate the assessment of their cyber readiness.

“AttackIQ’s unique approach fits our view that effective enterprise
security programs require an objective, continuous, and machine-driven
approach to pressure test and validate the sprawl of security products
and controls,” states Brian Byun, partner of Khosla Ventures. “We
believe this market opportunity is huge and that AttackIQ is well
positioned to lead the market.”

“AttackIQ is on a mission to fix enterprise security,” states Brett
Galloway, CEO of AttackIQ. “We believe that security matters very
deeply. A successful cyber attack on critical infrastructure would be
devastating. Yet the effectiveness of enterprise security controls is
often poor. The missing ingredient is systematic feedback on
effectiveness. The best way to deliver this feedback is to emulate
attacker behavior and see what the security controls do – or, all too
frequently, what they don’t do. AttackIQ provides enterprises the
information necessary to move from security guesswork to successfully
managing the cybersecurity risks that they face, both today and into the
future.”

About AttackIQ

AttackIQ, a leader in the emerging market of continuous security
validation, built the industry’s first platform that enables red and
blue teams to test and measure the effectiveness of their security
controls and staff. With an open platform, AttackIQ supports the MITRE
ATT&CK framework, a curated knowledge base and model for cyber adversary
behavior used for planning security improvements and verifying defenses
work as expected. AttackIQ’s platform is trusted by leading companies
around the world. For more information visit www.attackiq.com.

About Khosla Ventures

Khosla Ventures provides venture assistance and strategic advice to
entrepreneurs working on breakthrough technologies. The firm was founded
in 2004 by Vinod Khosla, co-founder of Sun Microsystems. With over five
billion dollars under management, the firm focuses on a broad range of
areas including consumer, enterprise, education, advertising, financial
services, semiconductors, health, big data, agriculture/food,
sustainable energy and robotics. Khosla Ventures is headquartered in
Menlo Park, Calif.

Contacts

Emily Ashley
PR for AttackIQ
[email protected]
(916)
710-0950

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