LOS ALTOS, Calif.--(BUSINESS WIRE)--4iQ, a pioneer in identity attribution analysis and a leading provider of intelligence for the largest identity theft protection vendors, announced today that it closed $18 million in Series B funding, led by C5 Capital and with participation by ForgePoint Capital, Adara Ventures, and Benhamou Global Ventures (BGV). The new investment will be used to accelerate product innovation and customer acquisition. Additionally, André Pienaar, Managing Partner of C5 Capital, and Anik Bose, General Partner of BGV, will join the 4iQ Board of Directors.
“The problem of data breaches and cyber-enabled crimes is getting worse,” said Pienaar. “This investment signals an industry shift from passive to active approaches. 4iQ helps investigators unmask the individuals behind attacks.”
“Cryptocurrencies are here to stay,” said Alberto Yepez, 4iQ Board chair and co-founder and managing director of ForgePoint Capital. “4iQ’s identity attribution analysis capabilities are helping cyber-crime investigation units at major cryptocurrency exchanges and financial institutions unmask monikers, recover funds, prevent millions in fraud losses, and stop future attacks.”
The 4iQ IDLake™ is an archive of more than 14 billion identity records collected from open sources on the deep and dark web. “People reuse passwords and that is not stopping any time soon,” said Bose. “Knowing this, hackers launch new waves of attacks, as data from breaches spreads with every sale, trade and post online. 4iQ helps turn the tide.”
The funding will be used to expand 4iQ’s IDHunt and IDTheft business lines, powered by the 4iQ IDLake™ - cloud-based infrastructure architected for security, privacy, and GDPR compliance.
- 4iQ IDHunt helps analysts in Fraud Investigation Units, Anti-Money Laundering and Financial Crime Intel Units, and advanced Security Operations Centers leverage the 4iQ IDLake™ and Open Source Intelligence (OSINT) to discover, analyze, and uncover adversaries.
- 4iQ IDTheft provides real-time alerts of stolen, leaked, or lost credentials and personal information to individuals via 4iQ partners - Identity Theft Protection service providers, Security vendors, and large enterprises.
“André Pienaar brings a depth of experience in Cyber Intel and Anik Bose is an active investor with a strategic and practical perspective on company building,” said Monica Pal, CEO of 4iQ. “They will accelerate our mission to empower investigators with capabilities to discover, uncover, and disrupt adversaries.”
The 4iQ Board includes Julio Casal, 4iQ founder and CTO and founder of AlienVault (acquired by AT&T); Barmak Meftah, President of CyberSecurity Solutions at AT&T Mike Rogers, former Chair of the House Intelligence Committee; Alberto Gomez, Managing Partner of Adara Ventures; and Javier Monzón, former President of Indra.
4iQ is an identity intelligence company on a mission to empower intel analysts, security researchers, and criminal investigators with capabilities to discover, uncover, and disrupt adversaries. The 4iQ IDLake™ archives more than 14 billion identity records collected from open sources on the deep and dark web from breaches and other open sources. It powers 4iQ IDHunt, a pioneering identity intelligence and attribution analysis solution used by Fraud Investigation Units, Anti-Money Laundering and Financial Crime Intel Units, and advanced Security Operations Centers. The 4iQ IDLake™ also powers 4iQ IDTheft, used by some of the largest Identity Theft Protection service providers to alert millions of consumers of exposed personal information. 4iQ is headquartered in Los Altos, CA and backed by ForgePoint Capital, C5 Capital, Adara Ventures, and Benhamou Global Ventures. For more information, please visit www.4iQ.com.
About ForgePoint Capital
ForgePoint Capital is a $300 million fund exclusively investing in cybersecurity companies. The firm brings deep industry expertise and a strong network of relationships. ForgePoint's 52-person Cybersecurity Advisory Council includes industry CEOs, security entrepreneurs, senior information security executives, and former government security leaders. Portfolio companies include 4iQ, Attivo, Appthority (acq. by Symantec), Attivo, Bayshore Networks, BehavioSec, CyberCube, ID Experts, IronNet Cybersecurity, LoginRadius, Prevoty (acq. by Imperva), ReversingLabs, Trusted Key, and Uptycs. ForgePoint’s principals have been investing in cybersecurity since 1998 and have made a total of 38 cybersecurity investments.
About C5 Capital
C5 Capital Limited (C5) is as specialist venture capital firm, focusing on Innovative Technologies in Cyber Security, Artificial Intelligence, and Cloud Computing. Headquartered in London, C5 also has offices in Washington, Munich, Luxembourg, and Bahrain.
About Benhamou Global Ventures (BGV)
BGV is an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on digital transformation of enterprise with a cross-border innovation theme. The BGV team has successfully built and implemented a cross-border venture investing model with companies from Israel, Europe, and Asia. BGV currently has 21 active companies in its portfolio with a majority conceived outside Silicon Valley, and now headquartered in the US. The fund was founded by Eric Benhamou, former chairman and CEO of 3Com, Palm, and co-founder of Bridge Communications. Comprised of an experienced partnership team of global operating executives and investors, BGV is often the first and most active institutional investor in a company, leveraging a powerful network of technical advisors, executives, and functional experts who actively engage with portfolio companies. The firm has offices in Palo Alto, California, Tel Aviv, Israel, and presence in France and in India through the Arka Venture Labs.
About Adara Ventures
Adara Ventures is a Madrid-based venture capital firm managing over €150 million in capital, and investing in Western European early-stage companies, with a particular focus on Cybersecurity, Horizontal and Vertical Data/AI solutions, Cloud computing, and Enterprise/Industrial software. Specialized in helping European companies expand globally, half of Adara’s 26 portfolio companies have either scaled from their home base to Silicon Valley or have reached an exit in that market. Cybersecurity portfolio investments include AlienVault (acquired by AT&T), 4iQ, CounterCraft, and Hdiv Security.