This investment represents the 12th cybersecurity investment of Sonae IM, reinforcing its portfolio in this segment. Currently, Sonae IM holds a strong European presence in the cybersecurity services market, through S21sec in Iberia and Excellium in Luxembourg and Belgium, complemented by its global portfolio of tech- based companies in Europe, Israel and the US.
Sixgill, a leading cyber threat intelligence company, just announced that it raised $15M in a second funding round. The new capital will be used to significantly scale global operations and strengthen core products in support of its growing portfolio. The round was led by Sonae IM and REV Venture Partners with participation by Our Crowd. Previous investors Elron and Terra Venture Partners also participated in the round.
“Sixgill uses advanced automation and artificial intelligence technologies to provide accurate, contextual intelligence to customers. The solution integrates seamlessly into the platforms that security teams use to orchestrate, automate, and manage security events,” said Sharon Wagner, CEO of Sixgill. “The market has made it clear that Sixgill has built a powerful real-time engine for more effective handling of the rapidly expanding threat landscape; this investment will position us for significant growth and expansion in 2020.”
The funding will be used to increase Sixgill’s presence in North America, EMEA and APAC by expanding its growing customer base of large organizations, law enforcement, government agencies and MSSPs. In addition, the company will strengthen its unique Automated, Actionable Intelligence (A2I) solution, as well as offerings such as its patent-pending Dynamic CVE Rating.
“Sixgill’s industry leading solution uncovers and delivers valuable intelligence that organizations otherwise don’t have the tools or resources to uncover,” said Carlos Alberto Silva, Executive Director for Sonae IM. “Their insights enable CISOs and their teams to effectively tackle cybersecurity challenges like never before, and we're proud to take part in the company’s expansion at this early stage.”
“The dark web represents an increasing challenge for large enterprises across all industries; this is especially true for financial services, manufacturers, critical infrastructure providers & governments”, said Kevin Brown, Founder Partner of REV Venture Partners. “We are delighted to invest in Sixgill as they continue to assist organizations in proactively reducing risk vulnerabilities.”
“We invested in the Sixgill team because we believe they deliver the first disruptive solution in years, for the overwhelming amount of information and the enormously complicated threat environment that exists today”, said Zohar Rozenberg, VP Cyber Investments at ELRON. “We are thrilled to continue partnering with Sixgill to deliver the best possible solution in a fast-growing cybersecurity market.”
Press release by SONAE IM