ThreatSpike, a cyber company specialising in unified security platforms, has raised $14m in Series A funding to support its global growth and accelerate innovation.
The round was led by Expedition Growth Capital. As part of the deal, Will Sheldon, partner at Expedition, and Emily Orton, co-founder of Darktrace, have joined the company’s board of directors.
Founded in 2011 by Adam and Kate Blake, ThreatSpike provides end-to-end cybersecurity solutions designed to eliminate the complexity and costs associated with fragmented legacy tools. The platform combines managed detection and response services, as well as continuous penetration testing, to offer businesses complete visibility and protection.
The fresh capital will be used to support ThreatSpike’s continued international expansion, with investments planned in engineering, security operations and go-to-market teams. The company also intends to enhance its two flagship offerings, ThreatSpike Blue and ThreatSpike Red, which offer 24/7 detection and response and unlimited penetration testing respectively.
Prior to this funding round, ThreatSpike had been entirely bootstrapped. The company has grown rapidly through customer-driven demand, now serving over 200 clients across 90 countries. Its client base spans sectors including hospitality, industrials, investment management and professional services.
ThreatSpike CEO and founder Adam Blake said, “We founded ThreatSpike having witnessed first hand that achieving high quality cybersecurity protection is far too complex and costly. 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.”
Expedition Growth Capital partner Will Sheldon said, “ThreatSpike has the highest level of customer referral-driven growth and satisfaction that we have seen across the cybersecurity industry. 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.”
Darktrace co-founder Emily Orton added, “Adam and Kate are both impressive technology entrepreneurs. 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.”
Elsewhere, Compyl, a governance, risk and compliance (GRC) platform based in the US, has secured $12m in a Series A funding round to accelerate its expansion and enhance its AI capabilities.
The investment was led by early-stage infrastructure software investor Venture Guides, with participation from existing backers including Contour Venture Partners, Armory Square Ventures, nvp capital, Alpine Meridian Ventures, Brooklyn Bridge Ventures, and Zelkova Ventures.
Founded in 2020, Compyl provides an AI-driven platform designed to simplify complex GRC processes by turning enterprise data into actionable insights. The solution enables organisations to unify fragmented data sources, automate risk and compliance monitoring, and proactively identify and address vulnerabilities in real time.
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